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Should Governors Be Worried?

articles & speeches

Changes and Challenges in Central Banking

Central banking has a three hundred-plus-years history. It would be quite a walk to do its full length. But, as some people decide to walk only part of the famous Camino de Santiago to find their spiritual enlightenment, I have decided to walk with you only through the last part, specifically the last two decades.

Your Excellencies, honourable governors, ladies and gentlemen. I am deeply honoured and feel privileged to stand in front of you today to deliver the 2018 Ante Čičin-Šain lecture. Ante Čičin-Šain passed away exactly ten years ago. It is wonderful that his memory is kept alive in this way.

As Croatia’s first Ambassador to Ireland, Ante Čičin-Šain was highly committed to developing Irish-Croatian relations and was enormously successful in doing so.  His success was attested to during his tenure as Ambassador and later by Ireland’s unstinting support of Croatia at all crucial points in Croatia’s path to full E U membership.

Indeed the unique part he played in promoting Croatian-Irish relations was recognised by the Irish Government when, after he had retired as Croatian Ambassador to Ireland, it appointed him as Ireland’s first Honorary Consul in Zagreb.  And I should say that nobody could be more pleased than Ante would have been to see that today Croatia is fully understanding and wholly supportive of Ireland’s position in the context of the challenges posed to the entire E U, but Ireland in particular, by Brexit…

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