Lower risk tolerance means, that economic sustainability had become a key issue, and there are very few if any countries among CESEE who are surely on a sustainable path. The closer is a country to a point where the sustainability of a country’s economic policy is questioned, the more sensitive it becomes to both global and country specific economic news.
Taking this opportunity, I would like to discuss financial services that central bank can provide to promote the development of other industries. Provided jointly by commercial banks and central banks in most cases, financial services, including deposits, loans, private banking services, transactions of various financial instruments and financial market services, etc. involve many aspects and huge volumes.