BIS Review 57/1997  -2-  Aucun projet monétaire d’une telle envergure n’a été réalisé au cours de ce siècle en Europe. Le projet est d’une extraordinaire ambition car il s’agit d’un pari sur l’avenir.
Competitiveness: the external and internal dimensions Let me turn now to the theme of this conference and explain the term competitiveness. Competitiveness, broadly defined, is firmly grounded in a notion of relative productivity: a competitive economy is one that provides the institutional environment necessary to foster the development of highly productive firms.