as well, we as central bankers should spare no effort in self - management to uphold our dignity. we should also take the lead in showing consideration for the socially disadvantaged, while strengthening our community service activities as well. fellow members of the bank of korea, i am filled all the more with emotion now because today ’ s ceremony celebrating the bank of korea ’ s foundation will be the last event held in this building, which has been with us here for 50 years. we must make sure that the construction and renovation project preparing our new home is successful. while being mindful to ensure that no safety accidents nor security issues occur during the process of staff relocation and construction, we should also see to it that we do not cause any inconveniences to the general public. thanking the staff involved in the preparation of this commemorative event, i want to wish all of you and your families the very best of good health and the greatest happiness. thank you. 3 / 3 bis central bankers'speeches

and more specific, and this has helped us to improve our analysis. this particular effect of transparency is not discussed to a great extent in economic literature but is of great practical importance. concentration on core activities one problem for many public institutions is that they lack focus. research and practical experience show that a concentration on core activities is a prerequisite for good performance. central banks are involved in many different activities. the extent of this in - volvement should be a point for discussion, however. some central bank tasks may have arisen by historical accident and then remained in the central bank domain without ever being questioned. this raises the issue of whether some services could be provided more efficiently by private entities. for instance, the riksbank owned a paper mill and a note - printing works in the town of tumba, as well as a mint in the city of eskilstuna, for three hundred years. these are largely manufacturing operations that differ greatly from the work involved in monetary policy and financial stability. since our job is to concentrate primarily on monetary policy and the difficult systemic questions in the financial world, we decided to sell both the operations in tumba and the mint in eskilstuna. this has not only given us more time for our core activities, but i also believe that a more professional owner, with many years of experience in the trade, has increased the chances of success for the operations in tumba. in other cases, a different public authority could be the best supplier. like most other central banks, sveriges riksbank is responsible for money and banking statistics. statistics are important for users in sweden and abroad, and the riksbank's statistics provide a basis for analysing the development of the financial markets. in sweden, however, we already have a public authority whose core activities involve the collection and publishing of statistics, statistics sweden. we decided that transferring certain statistical tasks to statistics sweden would not only allow us to focus on our core activities, but it would also make the production work more efficient. as a result, statistics sweden has been collecting and compiling money and banking statistics on behalf of the riksbank since last month. furthermore, we have transformed our system for distributing notes and coins into a company with the aim of selling it. this has proved to be less straightforward than the two other cases, however. one reason is that we have tried to do two things at the same time, namely to improve the efficiency of the market for