Economies that differ widely from each other and do not interact much, profit from mutually flexible exchange rates. Admittedly, exchange rates sometimes tend to move too uncontrollably, creating a breeding ground for speculation. But if exchange rate changes arise from structural factors, we should welcome them. It is satisfying that these days there are fewer complaints about the euro exchange rate than before.
1/2  BIS central bankers' speeches  Forthcoming initiatives include developing a standard loan application form (SLAF) for small business loans to address sector preference for simplified and streamlined loan application requirements. We have an upcoming study to inform strategic interventions towards developing a supply chain finance (SCF) market in the country.