![]() For this reason, I will also devote some time on these aspects. I have observed, however, relatively less emphasis so far on the impact of globalisation on liquidity and the related implications for monetary policy and financial stability. ![]() Indeed, a number of distinguished participants in this conference have contributed to the ongoing analysis and public debate on this topic. This subject has received increasing attention among academic economists and policy-makers over the past two years. ![]() My remarks tonight focus on “the effects of globalisation on inflation, liquidity and monetary policy”.
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