13, July 20, 2011. 8  BIS central bankers’ speeches  Akerlof, George A. and Paul M. Romer (1993), “Looting: The Economic Underworld of Bankruptcy for Profit”, Brookings Papers on Economic Activity, Vol. 1993, No. 2 (1993), pp. 1–73 Bosworth, Barry and Susan M. Collins (2007), “”Accounting for Growth: Comparing China and India”, NBER Working Paper No.12943, February.
A stable financial system will gain more meaning if it serves the needs of the majority, especially the three quarters of the world’s poor that have been unserved too long. Thank you very much and good morning. 9  Financial Inclusion Efforts of the Group, ICICI website. BIS central bankers’ speeches  3