But in other situations, and especially when the imbalances in question are relatively pronounced or widespread across a range of markets, this school of thought is more open to working on multiple fronts and to formulating monetary policy with one eye on its potential implications for these imbalances.3 The debate between these three schools gets a lot of attention at venues like this one – and with good reason.
*  *  *  Mr. Suleiman Shahbal, Chairman, Gulf African Bank Ltd; Mr. Najmul Hassan, Chief Executive Officer, Gulf African Bank Ltd; Board Members of Gulf African Bank Ltd here present; Distinguished Guests; Ladies and Gentlemen: I am delighted and honoured to have been invited to preside over the opening ceremony of this important conference.