Role of central banks Assessing risks on a system-wide basis First, central banks need to assess risks on a system-wide basis taking into consideration the linkages between the real economy and financial markets as well as among financial institutions. Such assessment will be the basis for policy actions regarding financial system stability.
We are happy that Professor Sastry Gouripathi Pantula, an alumnus of Indian Statistical Institute, has kindly accepted our invitation and will be sharing his thoughts with us today. Professor Pantula, an authority in time series analysis is currently Director of the Mathematical Sciences Division, National Science Foundation, the United States of America.