Michael Kiley, Jesper Lindé, and Edward Nelson of the Board's staff contributed to these remarks. 4  See Henry Thornton ([1802] 1962), An Enquiry into the Nature and Effects of the Paper Credit of Great Britain (New York: A. M. Kelley); and Walter Bagehot ([1873] 1897), Lombard Street: A Description of the Money Market (New York: Charles Scribner's Sons).
As a citizen of Europe, I very much hope that the Parliament will maintain this track record. When I received the Karlspreis a few months ago, I was reflecting on the future of the European Union and of the Economic and Monetary Union “tomorrow” and the “day after tomorrow”.