Korea’s recent experience offers some anecdotal evidence of the potential benefits of bond market integration. Specifically, increased investment in Korean treasuries by Asian official investors helped very much last year to offset capital outflows from our country driven by Eurozone investors. Despite efforts devoted for more than a decade, however, Asian market integration is still far less than satisfactory.
The National Bank of Serbia has so far been positively proactive and I can assure you that we will continue to be the engine of the Serbian transition process in the future as well.