I hope that this panel will help deepen our understanding on "Central Banking in a Changing World" from both a theoretical and a practical perspective. Of course, compared with the wide range of issues to be discussed, our available time at this conference -- one-and-a-half days -- might be too short.
Based on this limitation, the items in the program, especially the paper presentation sessions, are necessarily selective. Nevertheless, by combining paper presentations, lectures, and panel discussions, I hope that the conference as a whole will activate discussion from a variety of perspectives and will deepen our understanding of the issues facing central banks. Thank you for your attention. 3