Comments by Mr Jan F Qvigstad, Deputy Governor of Norges Bank (Central Bank of Norway), on Mr Frank Smets (ECB) paper "Financial markets - productivity, procyclicality, and policy", at the Netherlands Bank conference in honour of Mr Nout Wellink on "Welfare effects of financial innovation", Amsterdam, 11 November 2011.
Comments by Mr Jan F Qvigstad, Deputy Governor of Norges Bank (Central Bank of Norway), on Mr Frank Smets (ECB) paper "Financial markets - productivity, procyclicality, and policy", at the Netherlands Bank conference in honour of Mr Nout Wellink on "Welfare effects of financial innovation", Amsterdam, 11 November 2011.