* * *  Thank you for taking the time to talk to us here at France Inter before returning to your office at the ECB in Frankfurt. The ECB, the European Central Bank, plays a prominent role in the lives of Europeans, in our day-to-day lives, and yet we don’t always know what you are doing in your ultra-modern tower in Frankfurt.
This, in turn, as many research studies have shown, also inhibits the flow, over the medium to long-term, of foreign capital on a sustainable basis. Typically, the foreign capital has preferred the destinations which have well-developed, deep, liquid and efficient hedging institutional structures like forex derivatives.