In my remarks, I have laid out an important example of the interaction of the macroeconomy, monetary policy, and the market response to risk. The papers you are about to discuss throughout the next  projections, expanded the set of economic variables included, and extended the forecast horizon.
Ladies and gentlemen, first allow me to take you back to the history of the IFS sector. By mid-1960s Curaçao had become a well-known international financial center for purposes of global tax planning.