24. 3rd attribute: be open minded. 4th attribute: learning institution 25.
Knowledge institution has to be a learning institution •  You learn something every day (ICICI girl)  Example •  Rogoff and Reinhart “This Time is Different”  •  Studied 800 years of history of financial crisis  BIS central bankers’ speeches  5  •  Every time a crisis has occurred – economists and policy makers have said: “This time is different.”  •  Yet over 800 years, the origins of all financial crises can be traced to the same fundamental causes.