One topic discussed at the conference was the role of the international financial institutions, including the Asian Development Bank I was leading at that time, in mobilizing liquidity for emerging market and developing countries.
The theme of this symposium – financial stability issues – is appropriate for four major reasons, from the stand point of global, regional and India specific considerations: First, Financial stability has acquired the centre stage of public policy debate since the global crisis, with animated discussions seeking clarity on the role of central banks, particularly monetary policy.