Prasarn Trairatvorakul: Regional trends for monetary policy and the possibility of regional collaboration Speech by Dr Prasarn Trairatvorakul, Governor of the Bank of Thailand, at the 14th International Convention of the East Asian Economic Association (EAEA), Chulalongkorn University, Bangkok, 2 November 2014. *  *  *  Distinguished Guests, Honorable Speakers, Ladies and Gentlemen, It is my pleasure and privilege to speak at the 14th International Convention of the East Asian Economic Association. First of all, I would like to express my sincere gratitude to the hosts for inviting me as a part of this esteemed forum, which brings together economists, academics, and officials from all over the region. Our countries have been overwhelmed by clouds of uncertainties in both domestic and external fronts. So far, the question we have repeatedly asked ourselves is “What can ‘WE’ contribute to sustain the recovery and better safeguard our economies?” And as “WE” gather here today, I am confident that this is an opportunity for “US”, to exchange knowledge and experiences, that would greatly support the development of regional economies and strengthen our regional cooperation. Today, I would like to share my thoughts in pursuit of the answers to our question from a policymaker’s perspective. I will begin with what I see as the major contributors to the past global financial crisis. Then I will touch upon the conduct of monetary policy amongst Emerging Market Economies in response to the past crisis as well as its spillovers.
Gent Sejko: Address - Assembly of the Republic of Albania Address by Mr Gent Sejko, Governor of the Bank of Albania, to the Assembly of the Republic of Albania presenting the Annual Report of the Bank of Albania for 2022, Tirana, 6 July 2023. *** Honourable Speaker, Honourable Members of Parliament, Allow me to start this communication by stating that the Bank of Albania adheres to an open and transparent communication with the Parliament of the Republic of Albania. This communication is important as it ensures the BoA's accountability and responsibility as well as the improvement of the process for compiling and implementing the economic policies through the establishment of a common vision on the challenges ahead and the best ways and instruments for addressing them. Dear ladies and gentlemen, A series of frequent, complex and unprecedented shocks have battered the Albania economy in recent years. After the 2019 earthquake and the pandemic in 2020 and 2021, we faced the economic and financial lingering consequences triggered by the Russia's invasion of Ukraine over 2022. This aggression caused a sharp surge in food, oil and energy prices across global markets, heightened uncertainty amid economic and financial agents, as well as an increase in the overall financing costs both in Albania and globally. The new economic and geopolitical reality tested the sustainability of the economic and financial equilibriums of Albania, posed serious challenges to the Albanian enterprises and households, and called for the fast and coordinated reactions from public authorities.