To pursue this stable exchange rate policy, the Bank continued with its methods of adjustment and fine-tuning but never shied away from doing what we assessed was right under the varying circumstances faced by the economy.
BIS Review 56/2007  1  Some personal reflections on academics and policymaking Let me come back to the heart of the issue – academics and policymaking. Keeping with the theme of my speech, I will offer a few thoughts on my transition from academia to the policy world – in particular, how the former experience has prepared me for the latter.