This year’s conference, entitled “European Monetary Union: Lessons from the Debt Crisis” focuses on economic developments in Europe and the corresponding policy reactions from 2007 until today. Recent developments in international bond markets indicate that unfortunately, the fiscal problems in the euro area cannot be considered to be completely solved yet.
Most of our economies (in particular Ghana) at the moment are at the threshold where sustainable macroeconomic stability, of which financial stability is key, has become the imperative condition for the growth and development process. The international banking scene in general has in recent years witnessed strong trends towards globalization and consolidation of the financial system.