The conference has a fascinating and varied programme and the Central Bank of Ireland welcomes the chance to be involved. Unfortunately the Governor is unable to be here and sends his best wishes. Both economic history and the history of economic thought provide valuable lessons for policymakers today, not least central bankers in our quest to safeguard price and financial stability.
And yet, despite the numerous experiences of financial crises over the past two centuries, recent events highlighted starkly the lack of both analytical frameworks to assess the risks associated with the build-up of financial imbalances, and the policy tools to mitigate them.