*  *  *  Salutations: Let me first of all thank the organizers for inviting me to speak at this inaugural International Conference on Science and Technology for Economic Diversification, which goes by the very exhilarating acronym of INSCITED.
In order to cope with this new world economic regime, we will need to devise necessary countermeasures to deal with the possible changes in the monetary policy transmission channels and the limitation on policy effectiveness. Particularly, given that changes are always and everywhere accompanied by uncertainty, we should endeavor even more strongly to heighten the predictability and credibility of our monetary policy.