The new challenges are: –  The collapse of what has been referred to as the “traditional paradigm” of economics; and  –  The need for research which gives practical, implementable answers to the questions businesses and governments have to address.
BIS Review 102/2010  1  A few words about the way the internet and electronic publication have fundamentally altered the way we work. Many of you will remember my old office on the 7th floor of the Central Bank building, when I was Deputy Governor of the Bank.