MAG partners and associates advise national and local governments and central banks on a wide variety of macroeconomic issues, including exchange rates issues, monetary and credit policies, tax and spending policies, and debt, international reserve and risk management. Because of their international experience and high-level contacts in Wall Street and the international financial institutions, MAG consultants are in a privileged position also to advise governments and central banks in emerging markets on what is happening at the international level, on how it might affect them and on what to do about it. MAG also advise private sector clients–both national and foreign–on how government domestic policies–existing as well as those in the pipeline–could affect their decisions to invest or expand and how best to protect against undesirable changes and to benefit from new opportunities. MAG consultants are ideally placed to provide a second opinion to banks and companies that, despite having their own research departments, look for well informed and independent views.