These insights have become clearer to me in recent months, since I took on the position of Bank of Israel Governor and saw how the Bank of Israel’s measures, in their various forms, have contributed to the economy’s growth and its resilience to shocks.
There is a need to be pragmatic, but we must be open to out-of-the-box ideas, balancing regulation and innovation. We must be mindful of the changes brought about by digitization and technological innovation. We might explore encouraging on-line bond trading even for individuals in the secondary market, perhaps doing away with cumbersome paper work to complete transactions.