The perfect outlet as regards the risks is a publicly available financial stability review, which the ECB now issues every semester. The perfect occasion for explaining the strategy, could very well be a lecture in one of the major financial centres of the world. Thank you very much for your attention and for giving me this opportunity.
Annex: Comparison of high- versus low-cost booms for selected variables The graphs below show the evolution of four synthetic indicator variable aimed at characterising the typical pattern of a high- versus low-cost asset price boom. Specifically, the indicator variables  28  See e.g. Goodhart and Huang (1999) regarding the volatility of the money multiplier in crises periods. 29  Borio (2005).