It is an exciting time for economics and monetary policy. I can hardly wait to see what comes next. But economists have a tendency to get overly excited about their own issues, so let me leave you with an analogy to help you keep this in perspective.
Furthermore, a medium-term project for the next generation of collateral management has been launched under the name of “Collateral Central Bank Management” (CCBM2), the objective of which is to consolidate and enhance the efficiency of the Eurosystem’s collateral management systems to the benefit of eligible counterparties.