To conclude, the first episode reconfirms the lesson that the control of money supply (which was restored under the flexible exchange rate system) played an essential role in containing the rampant inflation prevailing in the early 1970s. 1  Neuman (2003) justified the reference value of M3 growth rate by the ECB based on the link from core money to core inflation.
In short, the banks should have a comprehensive system which will allow them to deliver dynamic end-to-end customer service that can reshape customer base, maximise cross-selling opportunities and generate a positive ROI (Return on Investment) in the changing business economy. 2  BIS Review 57/2003