The Bundesbank is ready to work together with the debt agency, to bring its expertise to bear and, in particular, to provide all the operational banking services for it. This would also signal to the markets that setting up the debt agency does not imply any abrupt paradigm change in debt management.
During this time, there have been momentous changes – a paradigm shift in economic ideology, ever new perspectives on economic development, growing aspirations of people, path-breaking financial innovations and game changing technological breakthroughs. All these are changes which have influenced the Reserve Bank, and changes to which the Bank has had to respond in its own unique way.