* * * I thought it might be useful to start this session with a few thoughts on some of the issues facing central banks as they deal with the consequences of the recent turbulence in financial markets.
1 This list is not comprehensive: I have concentrated on the issues associated with our roles as monetary policy makers and providers of liquidity – and even in that category I cannot address all the issues in the short time allotted. Like every other period of financial turbulence, this one has been marked by considerable uncertainty.