Otmar Issing: The watchers conference - theory and practice of monetary policy Speech by Mr Otmar Issing, Member of the Executive Board of the European Central Bank, at a conference jointly organised by the Center for Financial Studies and the European Central Bank, Frankfurt am Main, 5 May 2006.
*  *  *  Theory and practice My long journey from the theory to the practice of monetary policy – the title of an ECB colloquium in mid-March – has come to an end. The Watchers Conferences have been an important part of this journey in recent years.