But at least some of the issues about which we talk today would sound familiar to them. Swings in the terms of trade, the effects of massive international financial events with all their spillovers, policymakers grappling with events they had not seen before, come to mind.
On behalf of the Bangko Sentral therefore, I congratulate the organizers of this program: FINEX, ING, the AIM-Gov. Jose B. Fernandez Jr. Centre for Banking & Finance, IAFEI, the CFA Society of the Philippines. Let us give them a big hand!