Being in Jackson Hole, it is natural for me to mention very warmly the link established between the Federal Reserve and the ECB to supply foreign exchange on both sides of the Atlantic. In my view, this cooperation played a very important role in stabilising European financial markets. 29  See, for example, “Financial/economic structure and monetary policy” in Trichet (2009b).
Central banking today is more challenging than ever and availability of reliable and timely information is the key to effective policy making. As a central bank, we are responsible for generating various macro-financial statistics collected both from primary and secondary sources in the process of implementing our policies.