In the meantime, we cannot stop ongoing structural changes in the global economy, such as economic and financial globalization as well as emerging economies catching up. What I would like to emphasize today is that, even when doing our utmost to overcome the disaster, we should not retreat from efforts to address the medium- to long-term challenges that have been recognized for years.
Disabled Workers Offer a Clue,” New York Times,  March 15. Return to text 4 For the original formulation of the law, see C.A.E. Goodhart (1975), “Problems of Monetary Management: The  U.K. Experience,” in Papers in Monetary Economics, vol. I (Sydney: Reserve Bank of Australia). Return to text  5/5  BIS central bankers' speeches