The contribution of research  The appropriate actions to be taken by market participants and policy-makers to strengthen the resilience of the financial system and to safeguard its stability are numerous and challenging. In this effort, economic research can make an important contribution. Significant progress has already been made in enhancing our knowledge about the implications of financial integration and innovation for economic performance.
That’s why it’s essential that the labour market and the goods and services markets work well. The Bank for International Settlements is worried about risks caused by monetary policies that are too accommodative. What’s your reply to that? Our main objective is to ensure price stability. The financial crisis has created deflationary risks.