Andrew Haldane: Folk wisdom

Speech by Mr Andrew G Haldane, Executive Director and Chief Economist of the Bank of England, at the 100th Anniversary of the Bank of Estonia, Tallinn, 19 September 2018.

The views expressed in this speech are those of the speaker and not the view of the BIS.

I am delighted to be here to celebrate the 100th anniversary of the founding of the Bank of Estonia. It is a particular privilege to be giving this lecture in the Bank's "Independence Hall" - the very spot where, on 24 February 1918, Estonia's Provisional Government was formed. The founding of the Bank of Estonia followed on the Republic's first birthday in 1919.