place to contain it posed a barrier to public communication by increasing the distance with institutions, and above all, they turned into the most pressing issues of our time. in this view, i take this opportunity to thank all the journalists ( particularly those covering economic issues ), who through the professional commitment and integrity assisted the public at large to acquire the decision making of monetary and fiscal authorities throughout this unprecedented situation. the professionalism in making and conveying the news and economic analysis were a valuable and indispensable support to marinating price and financial stability. allow me to thank you once again for the work and devotion you exhibited over the course of this year. i strongly believe that the truthfulness and objectivity in reporting economic and financial news will continue to accompany you in fulfilling your duty in the coming year. i reaffirm that the bank of albania will continue be a transparent institution, ready to provide opinions and assessments as necessary in all public debates related to the performance of our economy and financial markets. a certificate of this commitment and achievement of the bank of albania in the communication with the public is the ranking first of the bank of albania among all the banks of central, eastern and south - eastern countries, for very active pubic communication, 1 / 2 bis central bankers'speeches in the last report : “ focus on the european economic integration ” for the second quarter of 2021, published by the national bank of austria. dear guests, the bank of albania continues to focus scrupulously on financial education and research considering it a crucial pillar of its activity. they are seen as the foundations for increasing the social - economic development and welfare of the citizens of albania. from this point of view, i kindly invite you to share together a special moment of this meeting : the traditional ceremony for the governor ’ s award for the best diploma. the bank of albania for this 15th year ceremony in a raw has selected and valued three scientific works amid all the presented researches by students graduated in albanian and abroad. allow me to reiterate and point out that over the years, we delightfully have noticed that the quality in the research work of participants has been on rise, turning the performed analyses and researches increasingly more professional. as in previous years, albanian students from domestic or foreign universities have applied and presented their best research work. we are happy to notice that participation and interest from students and universities has been significantly edging up, showing appreciation, reliability and reputation of this competition. this year, we received 25 studies,

william c dudley : the national and regional economy remarks by mr william c dudley, president and chief executive officer of the federal reserve bank of new york, at the brooklyn college, brooklyn, new york, 7 march 2014. * * * good afternoon and thank you for inviting me. it is always a pleasure to speak with the different communities that make up our region, and it is especially gratifying to have the opportunity to talk with you, our future leaders. i am especially pleased to be here at brooklyn college, given the relationship that we at the new york fed have developed with the city university of new york ( cuny ). as an example, we collaborated this year on the college fed challenge, our yearly competition where teams of students from area universities take on the roles of the members of the federal open market committee ( fomc ) and debate the appropriate next steps for u. s. monetary policy. a number of cuny schools competed and professors served as judges. also, several cuny schools had a strong showing in our annual savvy credit video festival which i ’ ll speak more about later. my meeting with you today is part of our continuing efforts to understand what is going on at the grassroots level of our economy and to share what we are seeing. at the federal reserve, we try to meet with a diverse array of people in order to get a comprehensive picture of economic conditions in the regions we serve and a fuller understanding of the major issues. earlier today, i met with developers and local community leaders to learn about the redevelopment of the atlantic yards, was welcomed to a roundtable breakfast meeting with members of the brooklyn chamber of commerce and then traveled to brownsville to learn about the challenges faced by that community. following this visit to brooklyn college, i ’ m headed to bush terminal in sunset park to meet with city officials and learn about an important redevelopment project and then i ’ ll end the day at etsy – a successful innovative start - up and a major private - sector employer here in brooklyn. these trips are only one of the many ways in which we seek to engage with the people and businesses in our region. we also reach out to our local communities through web resources, workshops and conferences. to assess the performance of the regional economy, we monitor economic activity on a monthly basis, we tap into the insights of the members of our small business and agriculture advisory council and upstate advisory board, and we have constructed a consumer credit panel that allows us to better understand