And on this basis they can secure the effectiveness of their monetary policy. Closing remarks Fellow central bankers, I am sure that this week's seminar will provide an opportunity for lively discussion on the most desirable ways for central banks to tackle the stagflation threat, particularly when financial markets are in turmoil as they are today.
Drawing my remarks to a close, let me express my wish that this seminar may contribute to stronger cooperation among all of our central banks, by fostering good fellowship among us. Although I know your days this week will be fully occupied, I hope you will also spare a few moments to savor the beauties of Korean culture and the autumn colors.