samchain/econo-pairs-v2 huggingface dataset:
elisabeta gjoni : innovation in the banking sector speech by ms elisabeta gjoni, first deputy governor of the bank of albania, at the conference on “ innovation in the banking sector ”, tirana, 14 may 2015. * * * good morning and welcome at the bank of albania to discuss about innovation in the banking sector. the ministry of innovation and the bank of albania, under the auspices of the minister for innovation and public administration, ms milena harito, and the governor of the bank of albania, mr gent sejko, in collaboration with the albanian association of banks, organise this activity jointly in a common approach to work together and discuss ideas among the main stakeholders of innovation in financial services. honourable minister harito, honourable chairman of the albanian association of banks, your excellencies ambassadors, representatives of banks and businesses, and of the albanian private sector, dear colleagues, i take this opportunity to thank you, on behalf of the bank of albania for your commitment and collaboration for this activity. we are living in a new phase of banking that is frequently qualified as a silent revolution in the way we do things, and the way we live, which poses challenges to any developing or influencing stakeholder. people use technology for the new ways of communication it offers : to create social groups, purchase online and why not, to use banking and financial services. that certainly implies a wide spectrum of actions : from generating online the account statement to transfers and payments via electronic platforms from various institutions, which are different from banks, digital money or virtual currency. physical and digital worlds are intertwining rapidly. what do we imply with financial innovation, while speaking about financial technology ( fin tech )? an expert of this field says than fin tech should not indispensably be a rather complicated or sophisticated technical concept. fin tech supports business to be more effective and the systems to function better and faster, or simply to make life easier to individuals / businesses through the use of efficient financial services. authorities have a decisive role in being committed to and supporting innovation. advanced countries, such as great britain, are a good example of this approach. in the united kingdom, the volume of transactions has grown by 74 % since 2008, compared to 27 % growth for the whole world or 13 % for silicon valley. the british success is driven by the large support of government strategies and programs, from the regime of the points of sales, initiative to encourage investments and the establishment of the

; • views of traditional banks about the payments via mobile phones supplied by mobile phone companies and assessment of the preparation degree of banks for cooperation or competitiveness ; • new trends for the increase of payments security. which is the place of biometric elements? congratulations and thank you for the work you do. you are part of the future. we all are looking forward to the next meeting of a continuous discussion on the forthcoming innovations. bis central bankers ’ speeches
mr. greenspan discusses the ascendance of market capitalism remarks by chairman of the board of governors of the us federal reserve system, mr. alan greenspan, before the annual convention of the american society of newspaper editors held in washington, d. c. on 2 / 4 / 98. the ascendance of market capitalism the current turmoil in east asia is easy to categorize as one of many such crises over the decades. nonetheless, it appears to be an important milestone in what evidently has been a significant and seemingly inexorable trend toward market capitalism and political systems that stress the rule of law. the shifts have been gradual but persistent. markets today are responding far more rapidly to subtle changes in consumers ’ values and choices than ever before. while advancing technology has always been a factor sensitizing markets to changing consumer tastes, what is so striking in recent years is how pervasive that force has become. just - in - time inventory systems have enabled production to more rapidly adjust to changing consumption. satellite coordinated trucking moves goods to destinations of optimal use. bar coding has facilitated a major revolution in retailing. for supermarkets, for example, checkout scanning devices have facilitated the creation of a variety of wares reflecting the most current consumer wants. those producers who cannot keep up with this technologically driven surge to efficiency fall by the wayside. those exceptionally skilled in advanced engineering and computer programming, for example, are rewarded with significantly higher levels of income relative to the less facile. it is difficult to prove, but arguably luck, the great random leveler in the market place, appears to play an ever smaller role in determining success and failure in today ’ s just - in - time, high quality, productive systems. those systems appear to be especially rewarding to financial skills. the advent of computer and telecommunications technology has spawned a vast proliferation of new financial derivatives products crafted by mathematicians and finance technicians who had never previously found favor on either wall or lombard streets. the above - average earnings they receive reflect the increasing value added created by financial institutions, which, in turn, results from their enhanced ability to marshal savings to support investment in the most productive physical capital. not unexpectedly, as the share of gross domestic product has shifted persistently to conceptual products and services from those requiring physical brawn to produce, the wage premium for skills and education has risen significantly, especially during the past two decades. as one might surmise, the shift arguably has led to the sharply higher

board or the federal open market committee. 2 / 2 bis - central bankers'speeches
fehmi mehmeti : the central bank of the republic of kosovo continues to support and push the financial sector to increase support to the economy, especially export businesses speech by mr fehmi mehmeti, governor of the central bank of the republic of kosovo, at the launch of the " export window ", pristina, 15 december 2022. * * * dear ms. minister, the honourable mr. mike, the honourable mr. berisha dear attendees it is a special pleasure to be part of this ceremony which marks a very important step of the launch of the export window. allow me, on behalf of the central bank of the republic of kosovo, to congratulate the kosovo credit guarantee fund and usaid ( kosovo compete activity ) for launching a new window for financial facilitating called the " export window ". the kosovo credit guarantee fund, with the support of our international friends, within a relatively short period of time has managed to transform into a very important institution, playing a very important role in increasing and facilitating financing for the country's economy. bank lending continues to be a very important and stable source of private sector financing in kosovo. the value of banking sector loans until october 2022 has reached 4. 3 billion euros, marking an annual increase of 17. 9 %. however, despite the satisfactory trend of the growth of bank lending, it is considered that the level of financial intermediation in kosovo should increase even further, and that in relation to the size of the economy, there is further room for expansion of the lending activity. an important role in filling this space is played by the kosovo credit guarantee fund, which, through its guarantee mechanism, will enable the increase in credit and ease the conditions of access to credit even for the extremely important sectors that ensure the economic development of the country. the new export window, which aims to issue new guarantees to partner financial institutions for the benefit of micro, small and medium enterprises, especially for exportfocused businesses, is good news for businesses and the economy of the country. in this period where our economy, and not only, has had negative impacts, firstly from the pandemic and recently also from the russian aggression in ukraine, it is very important to help our enterprises, to increase the export as much as possible. 1 / 2 bis - central bankers'speeches until october of this year, the value of exports reached the amount of 774. 4 million euros. this amount represents an increase of over 160 million

euros compared to the same period of 2021. however, this increase is still low compared to the import that in the same period january - october 2022 reached the amount of 4. 6 billion euros. in the same period last year, imports amounted to 3. 7 billion euros. therefore, this new window will help to increase the export of businesses, contributing to the overall economic development of the country. the central bank of the republic of kosovo continues to support and push the financial sector to increase support for the economy, especially businesses that aim to export our products. thank you! 2 / 2 bis - central bankers'speeches
. even if the customer cannot be satisfied, they must nevertheless walk away having had a pleasant experience. these might not be what we think of when we think productivity, but they are the real sources of productivity, because they produce improved real value for the same input of labour and materials. how do private firms and government achieve improved productivity? • engage the worker ; • empower the worker ; • motivate the worker ; and • cultivate a community of the workplace, with an emphasis on sharing experiences, teamwork and helping each other to achieve our best performance. bis central bankers ’ speeches the future of our economy is in our hands. we must figure out for ourselves what is the way forward, led by our own wit and resources. each worker can make a positive contribution to their own future and the future of our country, by becoming engaged, motivating and empowering ourselves and those that work with and for us, and caring enough for the welfare and prospects of fellow workers that everyone helps out when the going gets tough. when that becomes the pervasive culture of organisations and the society, we will have become a formidable international competitor and a byword for excellence in the americas, europe and the rest of the world. that must be our steadfast goal. bis central bankers ’ speeches

recovery efforts. much emphasis has been placed on solar energy but bio - based renewables also present a winwin! they have the potential to power the economy while minimising waste and enabling us to make the best use of our resources. they generate energy. they help us to manage our carbon footprint. they boost local agriculture production by supplying organic fertilizers. and they improve our tourism value - added because the oceans and the island are cleaner. we support all efforts to promote and encourage the use of clean energy sources and commend the government for accelerating the shift to 100 percent renewable energy. the move has the potential to create more sustainable jobs. new opportunities will rise for engineers, technicians, technologists, investors and entrepreneurs. the oil rich nation, saudi arabia, is harnessing the sun and expanding its solar capacity to create new jobs. we can and must do the same. our switch to renewables will lead to new industries as well and create the potential for greater investment diversification, as investors look for “ green ” options for pension funds, etc. so, as we reflect on david suzuki ’ s 2004 sir winston scott memorial lecture topic, i say : the bottom line is that we must protect our environment, and our economy. let ’ s all do so by supporting the conversion of waste to energy as a part of our energy mix, by embracing sustainable sources of renewables, and by reducing our carbon footprint. that ’ s how we will make our environment and our economy more resilient. the ball is in our court. i thank you. 2 / 2 bis central bankers'speeches
encouraged to prudently leverage on technology to reinforce their controls against fraud or financial crimes. criminals and money launderers never “ sleep. ” they are unfazed by the virus. the bangko sentral ng pilipinas therefore continues to be pro - active, alert, and determined to keep watch against financial crimes and money laundering activities. as bsp governor and chairman of the anti - money laundering council, i assure you that we will 1 / 2 bis central bankers'speeches continue to work for an internationally compliant and effective anti - money laundering regime, which will provide the filipino people with a sound, dynamic, and strong financial system in an environment that is conducive to the promotion of social justice, political stability, and sustainable economic growth. in closing, let me thank our speakers from the international monetary fund, bank de france, and the anti - money laundering council secretariat who have graciously shared their time and expertise to be with us in this webinar. they have been carefully chosen to help webinar participants learn how international institutions have developed a protective and responsive infrastructure against money laundering activities. thank you very much and stay safe always! 2 / 2 bis central bankers'speeches

rise by 4 percent next year. moreover, we expect the gir to reach $ 90 billion by the end of this year, the highest year - end figure. we expect the gir to remain robust in the medium term, with exports, remittances, and investments rebounding as global economic activity picks up. our projections are supported in part by initial signs of recovery. for instance, manufacturing activity is recovering, with the volume of production index improving to – 19. 0 percent in june from – 39. 0 percent in april. exports improved to – 13. 0 percent in june from – 50 percent in april. exports to china, our top trading partner, was up 2. 8 percent in june, a reversal from negative 12 / 13 bis central bankers'speeches 55. 0 percent in april. as china ’ s economy improves in the second semester, so will our exports. with the indicators of recovery, i am confident the philippines will soon go back to its path toward becoming a more inclusive upper middle - income economy over the medium term. as market participants, all of you are probably looking for new safe havens as the world continues to grapple with the covid - 19 crisis. with all the points i have just narrated, there is basis to consider the philippines among them. the challenge posed by the covid - 19 crisis is enormous, but our institutions and economic fundamentals are stronger than ever. the bsp is one with the government and the entire nation in shaping the philippines to become an economic champion of tomorrow, in the post - covid world. thank you very much for listening. i look forward to our q & a. 13 / 13 bis central bankers'speeches
, despite profit moderation ", 28 july 2004. the long term. it involves decisions around the bank's value and long term ownership. it is important to have options for the initial phase that avoid destroying future economic value or squandering tax - payer money, or that ultimately reduce the options in phase two. perhaps the most original of the tools we have been exploring for phase one is bank creditor recapitalisation or bcr, which could enable the reserve bank to respond to a bank failure in a way that avoided or minimised costs to the taxpayer, while still maintaining systemic stability. essentially, it involves applying a " haircut " to depositors and other creditors to recapitalise the bank, and then quickly making available to depositors the non - haircut portion of their deposits. bcr addresses some of the same issues as deposit insurance, which is currently receiving attention in australia, in that it quickly restores liquidity for depositors. however, with bcr the costs of imprudent risk management and monitoring are borne by depositors, management and shareholders, thus reinforcing the market and self - discipline that underpins our regulatory culture. much has been done to advance this project, including pilot testing of some it prepositioning at one of the major banks. we are confident that, from an it technical perspective, a bcr approach is likely to be feasible. however, substantial work remains to be done and no decision has yet been taken to formally adopt it as a crisis management tool. regarding the bank ` work out'phase, we are developing our thinking on other failure management options, such as good bank / bad bank split, partial sale of failed banks'assets and liabilities, government bail - out, and industry support. although these are well known, almost garden variety, options for dealing with a bank failure, putting in place the decision - making frameworks, policies and procedures that will facilitate effective, low cost management of a bank crisis is a big job. the trans - tasman dimension as i made mention of at the beginning, new zealand is very dependent on foreign capital, and the bulk of this foreign capital is intermediated through a predominantly australian - owned banking sector. this industry and geographic concentration of foreign ownership in one country makes the new zealand banking sector quite unique. as you will be aware, home and host countries undertake their banking supervision roles and responsibilities within the framework of home - host supervision set out in the

will always be a challenging task. for decision makers, it is important to ensure that key organisations will have the capacity to operate effectively in the event of a significant shock. additionally, we must be conscious that our response to events could be a drawn out process, and one that needs to evolve over time. bis central bankers ’ speeches
its growth forecast for france to 1. 3 % for 2016 and 2017, and then to 1. 4 % in 2018 because of the worsening international environment. is the banque de france more pessimistic than the ecb? because you are saying that the growth situation isn ’ t bad in france. no, we agree with the banque de france – growth will be weaker in france than in the rest of the euro area, unfortunately. 1. 3 %, 1. 4 %? yes, 1. 3 % in france, 1. 7 % in the euro area, so france is lagging behind in terms of growth. and what does france have to do to recover or catch up with the other countries? when you read the programmes of the candidates for the presidency, whether on the right or the left, do you ever say to yourself that this one or that one would enable france to catch up? the ecb doesn ’ t get involved in politics... of course. so don ’ t expect me to express a preference for one of the candidates. however. however, in general terms, we take note of this delayed growth and also the difficulty of reducing the unemployment level in france which, despite starting to fall very recently, is struggling to dip below 10 %. so there is a need for labour market reform and reform of the services sector, as that is where jobs are created, as well as a need to be more ambitious in opening up the 2 / 4 bis central bankers'speeches services sector, for example the regulated professions. in addition, and this is a message that might not please people in france, but it ’ s my duty to say it – reforms are also needed in terms of fiscal balances. french debt is approaching 100 % of gdp, and the deficit is still above 3 %. so you are issuing a warning to those candidates, whoever they may be, that are saying they are willing to let deficits slip above 3 %. yes, we must... that ’ s unacceptable. the candidates for the french presidential election, whoever they may be, shouldn ’ t think that, when they take office, they will find a pot of money to spend or room for budgetary manoeuvre. this room for manoeuvre doesn ’ t exist and there is a risk that interest rates will rise. if and when interest rates begin to rise, the debt burden will increase and the risk is that it will crowd out

banks have profitability problems and that there are too many banks in europe, so reforms are needed. in other words, some banks have to go. yes, but that ’ s an issue for the banks themselves. solutions must come, first and foremost, from the private sector – banks are commercial enterprises and public money won ’ t resolve the issue. so banks will disappear, but not in france. just to reassure us, how are the banks doing? as far as i ’ m aware, french banks are sound, that ’ s what our banking supervision colleagues are telling us. and we need to make more out of europe. we need more europe, otherwise we won ’ t manage to solve our problems. 4 / 4 bis central bankers'speeches
australia ). this bi - lateral focus can be quite troubling, and not only because it risks over - simplifying problems and therefore lessening the likelihood of solutions. it can be troubling for a host of small countries, which worry about the potential for more widespread effects of solutions that may be attempted. this is why it is so important that the problems be considered, and resolved, in a multi - lateral setting. hence the importance of the international financial institutions, and of fora like the g - 20, in providing the table around which these discussions should take place. that of course means that the legitimacy of those institutions, in the eyes of all their stakeholders, is key. good progress has been made in improving the governance of bodies such as the imf and no doubt more will be done in this area over the years ahead. the g - 20, a body with a broader constituency than the g7, has taken a more prominent role. this is all good, but will need to be accompanied by ongoing efforts to reach a shared vision of the role of the institutions and the system they are supposed to watch over and protect. if we bis central bankers ’ speeches are all still not talking the same language about the role of the system or the institutions, then we will not collectively get very far. so much work needs to be done yet. america – still the world ’ s dominant single economy and financial power, albeit not as dominant as it was – is critical to reaching the necessary framework. but so too is asia – a fast - growing, high - saving region with increasing financial resources, a much increased part of the global economy and financial system, and with, therefore, commensurately increased responsibilities. australia – a small but outward - looking country with very substantial ties to both the united states and asia – has more than a passing interest in the progress of this very difficult, but very important, discussion. bis central bankers ’ speeches

a good proportion of those 13 million - plus jobs will be in firms that don ’ t yet exist. some will be in industries or occupations that barely exist as yet. and no one can give you a blueprint for which areas will succeed and which will not, any more than the pundits a decade ago, at the height of the “ new economy ” fad, could foresee the shape of australia ’ s economy today. succeeding in the future won ’ t ultimately be a result of forecasting. it will be a result of adapting to the way the world is changing and giving constant attention to the fundamentals of improving productivity. that adaptability is as important as ever, in the uncertain times that we face.