Conclusion Pakistan, like the rest of Asia, is growing fast and the rise in per capita income, emergence of middle income group and relative wealth increases are together bringing with them new demands for retail banking industry. The transformation of Pakistan’s banking sector, given the success in developing a stronger and robust system, offers some interesting perspectives and lessons for banking sector reform.
Vítor Constâncio: Ricardo Reis' contribution to macroeconomics Speech by Mr Vítor Constâncio, Vice-President of the European Central Bank, at the ceremony marking the award of the 2016 Germán Bernácer Prize for Promoting Economic Research in Europe to Ricardo Reis, Madrid, 24 November 2017.