I met with Mr Regling and Mr Watson last week and we agreed to cooperate as our parallel work proceeds. This cooperation is to ensure that there is no overlap and duplication of work in our respective reports. My team will be meeting Mr Regling and Mr Watson later this week.
tight, money. BIS Review 114/1997  -9-  It is true that the great master of Viennese popular theatre, Johann Nestroy, once philosophised: “The Phoenecians invented money -- but why so little of it?” However, the central bank must limit the supply of money and set the interest rates accordingly. That is its task.