Speech by Svein Gjedrem, Governor of Norges Bank

SPEECH - Address by central bank of Norway, Norges Bank, Governor Svein Gjedrem at the 2001 Annual Meeting of the Norwegian Savings Banks Association, Haugesund, 18 October.

Is the financial system stable?

Introduction

The role of the financial industry in the economy has become increasingly important over the last decades. Deregulation and technological advances have increased the industry's opportunities and scope to channel savings to various projects. Strong competition has induced the industry

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