Monetary stability is to be studied from the point of view of economics, finance and law. It is our desire that this centre will pursue new avenues of academic study and policy consultation. Interested institutions are currently being asked to apply. Eighteen universities have expressed interest in the first round. However, it will take some time yet before the process can be finalised.
A small part of the foundation's income will be used in future to finance scholarships and conferences. And that brings me back to the point of our being here today: the inaugural conference of the new foundation. It is also my cue to hand you over to Professor Hermann Remsperger, Chairman of the Supervisory Board of the Monetary Stability Foundation.