As policy-makers we should be deeply interested in knowing where the risks are concentrated in the household sector, how much of a threat they pose to other agents in the economy, which kind of shocks households are more vulnerable to. And should we, as policy-makers, worry about a house price decline, a rise in unemployment or a stock market bust?
*  *  *  I see from the conference agenda that you have already covered critical topics this morning. Our place in the ASEAN Economic Community, our prospects in the mass market and our infrastructure are certainly key issues for the Philippines today.