There are a number of factors which determine the speed of Basel Accord implementation plans in different countries of the world. These include the size, structure and degree of financial sector development, the level of economic development, and the capacity of the existing regulatory and supervisory authorities.
*  *  *  Invited Guests; Members of the Monetary Policy Committee; Researchers; Distinguished Guests; Ladies and Gentlemen: Good morning. I am pleased to join you this morning at the official opening of the Research Seminar on “Exchange Rate and Monetary Policy Nexus” organized by the Research Centre at KSMS.