This would increase shock absorption, improve resource allocation, remedy the current heterogeneities, harmonise the transmission of monetary policies, and boost growth potential, thus enhancing the resilience of the euro area as a whole. This implies a need for deep changes in our societies.
As an international financial center, Shanghai has 1/2  BIS central bankers' speeches  been playing an important role in various financial markets, including the stock, bond, money and foreign exchange markets.