We believe in the importance of this outreach effort not only because the public has a right to an informed participation in their financial dealings, but also because it is also an important part of our collective and combined efforts that will determine the success of our endeavours. Tuan-Tuan dan Puan-puan, Akhir sekali, saya ingin mengucapkan berbanyak-banyak terima kasih kepada Yang Amat Berhormat Perdana Menteri atas kesudian beliau melancarkan Bank Negara Malaysia LINK. Sekian, terima kasih. 2  BIS Review 12/2005
For this reason, too, we will have to rehabilitate the quantities – money, credit, debt – and estimate the effects of changes in them in the longer run. Furthermore, we must introduce into our monetary policy frameworks ways of systematically identifying and reflecting structural changes related to the functioning of the labour market under the influence of demographic change, to globalisation or deglobalisation tendencies, to society's preferences regarding private and public debt, to the response of economic policy to climate risks, and so on. To this end, we also need to begin to view macroeconomics as a social science again, that is, not to be ashamed of the historical term "political economy". I would like to end by thanking all my current or previous colleagues here at the Faculty of Economics, at universities in other countries, in international organisations and at the CNB for carrying on the torch of the Ostrava Monetary School which we started to build here in the early 1990s. I wish you a successful conference. *** I would like to thank Jakub Matj, Adviser to the Bank Board of the Czech National Bank, for valuable comments and suggestions. Any errors or omissions are my responsibility. 5/5  BIS - Central bankers' speeches