History pays tribute not only to achievements, what one has done after all during one’s tenure, but also to the longevity of one’s time in office.
I would also like to thank Professor Robert Engle for finding time to be here with us, a leading figure in finance, a Nobel laureate who has rightfully gained a place in the pantheon of great men and women in Economics for his work of modelling time-varying volatility, his famous ARCH model is used extensively not only by academics, but also by analysts of financial markets who use it in asset pricing and in evaluating portfolio risk.