Marion Williams: The tourism sector - growth prospects and challenges Address by Dr Marion Williams, Governor of the Central Bank of Barbados, to the Barbados Hotel Association, Christchurch, 8 September 2004. *  *  *  Good morning, ladies and gentlemen.
–  The central bank may become too powerful if it is both independent and endowed with a broad range of functions. –  There could be a conflict of interest with monetary policy, if central banks were induced to be excessively expansionary in order to head off weaknesses at individual financial institutions.