Fostering a knowledge-driven economy, removing barriers to investment and creating the institutional structures needed for a rapid and efficient adoption of new technologies, will strengthen the process of capital accumulation. The ongoing current regulatory reform process will  4  BIS Review 15/2001  create the conditions to enhance competition and is expected to have important economic benefits.
Overall, sound economic policies designed to avoid the appearance of economic imbalances and structural reforms will allow the euro area to better exploit its growth potential, thereby also contributing to growth and economic stability worldwide. Conclusion To conclude, let me recall what I said at the beginning of my address.