3  On these points, see for example Geithner, T (2006), ‘Hedge Funds and Derivatives and Their Implications for the Financial System’, Remarks at the Distinguished Lecture 2006, Hong Kong, 15 September (available at <https://www.newyorkfed.org/newsevents/speeches/2006/gei060914.html>) and Stevens, G (2006), ‘Risks and the Financial System’, Remarks in response to Distinguished Lecture by Mr Timothy Geithner, Hong Kong, 15 September.
BIS central bankers’ speeches  3  trained from the 1960s to the 1990s, when the task was always to stop inflation rising and/or to get it down, this is a remarkable outcome. One area in which good long-term thinking was being done a decade ago was population ageing. Australian work in this field foreshadowed adverse long-run trends in the fiscal balance.