But that is not the point. The bigger point is that we are right to be excited to be at the forefront of innovation. But I believe that the bigger task in the coming years and decades, and where considerable work is required, is in the developing of the ethics of technology.
What advice would you have for countries in South America, Asia, or Africa that might be considering currency unions? This was a huge undertaking and we ought to study it carefully while the lessons are still fresh. 2  BIS Review 44/2002  2. The role of fiscal policy in a currency union.