Introduction

This week, we hear the michel canvasu central banking lecture presented by francois villarois de galo. Francois villa rois de galo has been governor of la banc de framp since 20 15. He is also member of the european central bank governing council and chairs the b i s,. The theme the ethics of currency. To day, we central bankers are responsible for trust. We produce it and we stand accountable for it. Trust relies on tree key elements. This is what i cal a golden triangle, independence, mundate and accountability of central banksand each of them is being challenged to day.