Holding this symposium on financial stability here in the backwaters of Kerala, God’s Own Country, was a deliberate decision. It has now become fashionable to refer to the global crisis that we had just gone through as a financial tsunami. Maybe we can extend that metaphor.
If the crisis was a tsunami, the placid backwaters of Kumarakom represent the financial stability that we aspire to. 5. Given the depth and breadth of exposure that all of you, especially colleague Governors, bring to this forum, it will be presumptuous on my part to anticipate and debate all the issues that will come up. I will attempt something much less ambitious.