1.   It is a time for Germanically cautious central banking.

2.   Four years is a long time in central banking.

3.   In my lecture this evening I want to give some personal perspectives on central banking and, consequently, I shall be speaking only for myself.

4.   Not surprisingly, the evolution of central banking in this nation has been driven by such concerns.

5.   So having successfully copied American-style airplane manufacturing, the Europeans are now busily engaged in establishing American-style central banking and a single currency zone.

6.   The Fed ought to be in the business of central banking, not central planning.

7.   The hard truth is that central banking is a fact of life in the modern world.

8.   Two books have appeared this fall that illuminate from different angles the shadowy world of central banking.

9.   Perhaps because they fear the loss of power, authority and prestige that comes with pulling down the walls of the temple of central banking.

10.   But he won a scholarship to the London School of Economics, where he gained his doctorate with a thesis on central banking.