For the European Central Bank the real danger will not be too little independence but too much isolation […], having to operate almost in a vacuum, with no political power, budgetary policy, banking supervision, or financial market control function.
Operations research techniques could be utilized effectively in the areas of inventory, transportation, etc., so as to develop an efficient and cost effective currency management systems. Third, risk analysis under a statistical framework is a pre-requisite for implementing Basel II norms.