–  How can we balance the need to direct long-term savings to support for business sector growth and the maintenance of a reasonable level of certainty for retirement age? In summation, the institute currently being launched has a great deal to do, both in the field of broad empirical research and in the field of research on questions of policy.
The activity to increase the public’s financial literacy will help all of us make informed decisions regarding the question that is perhaps the most important in the area of household financial decisions. I wish the people of this institute success in your important endeavors, and I await the opportunity to learn from the fruits of your labor. BIS central bankers’ speeches  3