BIS Review 44/1998  -6-  The experience of the Federal Reserve System also demonstrates that national – regional, in the US – central banks can find their own market niches in research and analysis. For the OeNB, for example, I would see a comparative advantage in studies on the transition countries. 2.
Public relations agent and interface between the single monetary policy and national economic policies A second important role of national central banks resulting from the first one is to act as public relations agents and interfaces between the single monetary policy on the one hand and the public and economic policy-makers on the other hand.