As central bankers, we are not isolated from the reality surrounding us, and we are committed to play our role in this historical process, particularly with regard to the smooth integration of the central banks of accession countries into the European System of Central Banks and, later , into the Eurosystem. Through ongoing co-operation, the central banks of the accession countries are being given an opportunity to familiarise themselves with the Eurosystem's mode of operation, and the Eurosystem can gain a better understanding of how these central banks operate under their respective regimes. This exchange, and the resulting establishment of a common terminology and understanding of each other's environments, will facilitate the pursuit of a common objective in the future. Thank you for your attention. BIS Review 84/2001  5
On the contrary, what is important to bear in mind is that by ensuring a stable price and financial environment, the central bank helps foster economic growth. I believe that no central bank can maintain price stability over the longer term without public support for the necessary policies. Only with the confidence of the public in their policies and their own lasting dedication to non-inflationary growth together with a well-functioning financial system can central banks succeed in achieving and maintaining price and financial stability. BIS Review 17/1997