Our Romanian colleagues handled economic forecasting and modelling, foreign exchange reserve management, communication policy and financial stability. And, finally, the Bundesbank colleagues – supported by the Bank of Slovenia, the National Bank of Austria, the National Bank of Portugal and the National Bank of Slovakia – were responsible for accounting, financial consumer protection and IT security. A long and impressive list indeed!
2 Several researchers have argued that capital flows from emerging markets to advanced economies will tend to be directed to the safest and most liquid assets, of which, these researchers argue, there is a relative shortage in emerging markets.