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Policy play in preserving Financial Stability and how to ake sure that centralbank independence is preserved . Second, with increasingly complex financial interconnections, many small, open, and emergingmarket economies have found a challenging to deal with large changes in exchange rates. How can these economies retain Monetary Policy independence in uch a policysetting, and what tools should they use . Finally, the crisis has galvanized a broad effort to reform the global regulatory framework. There has been progress on various aspects, but much still remains to be done. How will financial regulations and the new structures of the Financial System affect the functioning of Monetary Policy domestically and abroad . To all of these questions, im sure some o ....
Banking, payment, accounting, and financial infrastructures. The work was enormous. And here i must take off my hat to the exceptional dedication of the staff working in d. C. Then we had the asian crisis. It was a very different kind of episode. We had Central Banks there. They were severely tested in the affected countries. We had a few false starts in some cases. You may remember them pretty well. Also, decisive stabilization measures. More important probably are the lessons which were learned from them, by them and by the imf, in that occasion. One was that financial vulnerabilities can even be when macroeconomic fundamentals appear sound. This was the surprise of that moment, one of them. Another was that the risk from large and volatile capital flows create larger Foreign Exchange offers. We had some difficulty in convincing our membership that you had to add a zero to ....
Impact that david was talking about. I think that theory would make more sense if they issued decisions on friday, which might get lost. But i dont think it applies to thursday decisions, which is what they typically do these days. That was good pr advice from the clerk back in the day, but i int inc. I attribute that dont think i attribute that to why monday. Gentlemen, you said something about the difference between being upstairs in the courtroom and downstairs in the press office. Can you tell us about what that differences and how you make the choice . I am in a lucky position that i have a partner who is very fast and handles our on the spot copy. Copy ofte he can get a the opinion, he runs to his terminal and types of what happened. He has prewritten what we call snaps which are like urgent lines that will go to our customers. That gives me the luxury of being in the courtroom. And i worked for usa today the washington post, i could do it all the time. But that was before we had ....
From our studios in new york city, this is charlie rose. Nitin nohria has been dean of the Harvard Business school since 2010, an institution Whose Mission statement is to educate leaders who will make a difference. Under his leadership, the school has met the demands of the 21st century, realworld training across the globe is a part of the curriculum. The school has taken additional steps to create a more inclusive environment for women. I am pleased to have the dean of Harvard Business school at the table. Tell me, in your own words, how the Harvard Business school has changed since you have been the dean. Whether you brought about the change or not. I was very fortunate that i became dean of Harvard Busin ....