The last 18 years have been particularly impressive from that standpoint. Those risks are probably the unavoidable and necessary counterpart of the immense chances that science and technology on the one hand, and the success of emerging economies and globalisation on the other, are bringing about in the world economy. Being intellectually and conceptually ready is extremely important.
Incidentally, that is the reason why financial stability should continue to be of the essence and be a constant inspiration for monetary policy. Second, we have to fully accept that our economies, as well as the global economy, are experiencing a period of very rapid structural changes.