Similarly, the Taylor rule, I believe, gives us a basis for determining the monetary policy stance, but central banks need to superimpose their judgement in applying it to practical policy. 14. Prof. Taylor will be speaking to us today on “Lessons from the Financial Crisis for Monetary Policy in Emerging Markets”. Frankly, he could not have chosen a more relevant topic.
Many of them have been the employees of the National Bank of Slovakia. I would like to thank all of them for their efforts and persistency by which they significantly contributed to the fact than on January 1, 2009, Slovakia will become the 16th country of Eurozone.