His decisive discovery, however, was that this instability has its origins in stability – more precisely, in a period of stability which encourages increasingly excessive risk taking. What do I mean by that?
This is evident from the increased members including Asia’s largest and emerging economies, growing attraction for more membership, and increased capacity of the Centre in research and training. The Centre has also created a platform and an opportunity for all of us to discuss the emerging global financial issues of our common interest.