It is extremely valuable, Governor.
He's absolutely right. We've spent a considerable amount of time at the beginning—daily, then a couple of times a week and weekly—in a number of forums as central banks, collaborating on the actions that we thought would be appropriate. We weren't coordinating timing or divulging information, necessarily, but certainly were sharing notes on different programs, some of which we have put in place. For some countries, one of the most visible would have been the U.S. dollar swap lines, which we do have in place but we've not needed to use, although other areas like Europe or Japan have.
We've also been working at the financial stability board on financial stability issues, particularly right now those that are arising in some emerging markets, with Latin America and Brazil being some specific examples, with some close monitoring there. It's interesting. It feels like central bank digital currency and digitalization have nothing to do with COVID, but in fact they've put those issues front and centre, so the Bank of Canada is collaborating with a group of central banks on our work on central bank digital currency.
Within the G7, just as another example, we've been collaborating on digitalization. If this is going to be accelerated and we know that our statistics are not up to the task of measuring the economy at this time, then what can we do to help promote a better universal measurement that all countries can use and benefit from as they design their policies?