I expect that through discussion, those from both academic circles and central banks will learn more, share insights, and make the most of the wisdom for the future conduct of monetary policy. I certainly welcome discussions on how central banks can best contribute to sustained economic growth and sound development of the global economy. Thank you. BIS Review 41/2004  3
*  *  *  From its foundation in June 1950, the Bank of Korea has, as the country’s central bank, devoted great efforts for more than 50 years to the growth and development of the national economy.