BIS central bankers’ speeches  1  Innovative modes of financial services delivery can have a transformative effect on poor households. We know how greater access to even small amounts of credit can dramatically improve welfare – such as women being able to buy a sewing machine and establish a small business.
Nicholas C Garganas: Recent financial market developments and implications for the euro area and the world economy Keynote speech by Mr Nicholas C Garganas, Governor of the Bank of Greece, at the Meeting of the International Chamber of Commerce (ICC) Commission on Banking Technique and Practice, Athens, 16 April 2008.