It is important to note that the ability and willingness of the central bank to provide liquidity may be useful in reducing market  BIS Review 115/2007  1  uncertainty and bolstering investor confidence, even if the actual amount of liquidity provided turns out to be rather modest.
Therefore, I want to thank the organisers at both the Bundesbank and Suomen Pankki for matching such an impressive number of outstanding researchers with a well-focused and structured programme. Particularly, I would like to thank the organisers Heinz Hermann and David Mayes for their formidable effort and success in putting this event together. As my final introductory remark, allow me thank our conference staff.