Furthermore, the Bundesbank is supporting a RePEc (Research Papers in Economics) initiative to highlight the value of data in empirical work. [16] The idea of the initiative is to automate the search and discovery of datasets in the same way information on publications and citations can be collected. [17] In the context of improving the infrastructure for good data, let me take this opportunity to thank Regina Riphahn (University of ErlangenNuremberg) and Thomas Bauer (RWI Essen) for their work for the German Data Forum (Rat für Sozial- und Wirtschaftsdaten).
As anyone familiar with the transition to the single currency in the European Union in the 1990s will recall, short term capital flows created major difficulties for the alignment of currencies which is a prerequisite for a monetary union. Regional integration Finally I want to discuss the implications of East African economic integration for the banking industry and for bank regulation.