3  See my intervention entitled “The Euro area and its monetary policy” at the Conference on “The ECB and its Watchers IX,” Frankfurt am Main, 7 September 2007. See also the article entitled “Monetary Policy Activism” in the November 2006 issue of the ECB Monthly Bulletin. 4  Obstfeld and Rogoff (2002), p. 503.
Mr. Grenville considers Asia and the financial sector Talk given by Mr Stephen Grenville, a Deputy Governor of the Reserve Bank of Australia, to the 10th Annual Australasian Finance and Banking Conference in Sydney, on 4/12/97.