The Faces of Convergence e-book is a collection of 34 short essays by people who made major contributions to the process of convergence in the countries that joined EU in the three waves of eastern enlargement.
In small countries, we must be efficient by implementing country-specific regulations that enable better use of human and financial resources.
Ever since I started working in the area of Technical Assistance (TA) I have sometimes felt like a salesperson knocking on door to door and offering gadgets that no one actually wants.
Me: “Hey Siri, I need a loan.”
My iPhone: “How does XXX (the actual name of a bank) sound like? I can give you directions,” replies Siri and a map pops up on my screen with directions how to get to the bank. This is the actual conversation I had with my iPhone when writing this text. For those unfamiliar with it, Siri is a voice-controlled, intelligent virtual assistant created by Apple.
About ten years ago, when I started travelling regularly to the holiest site in central banking, the BIS in Basel, the usual introductory lesson on central banking was that the four main points a governor should always keep in mind…
In this note, by financial stability I do not assume only the absence of a financial crisis, but also a well-functioning financial system (as defined in the introduction ). “The stability of the grave”, as the profession sometimes refers…