Smaghi, Lorenzo Bini (2008), “Financial Stability and Monetary Policy- Challenges in the Current Turmoil”, Speech delivered at the ECB, CEPS joint event with Harvard law School on the EU-US Financial System at New York on April 04, 2008.
According to Goldsmith (1969:400), “mobilizing liquid resource accelerates economic growth and improves economic performance to the extent that it facilitates the migration of funds to the best user, i.e. to the place in the economic system where the funds will find the highest social return”. 3.