World-wide political and financial events over the past few years have emphasised the important role the world's central banks play in directing an increasingly complex global economy. This publication continues to provide a valuable guide to many individuals within these institutions and we are pleased to be sponsoring it for the eleventh year running. Morgan Stanley is a global financial services firm offering a complete range of sophisticated financial services to a large and diversified group of clients and customers, including sovereign governments, corporations, institutions and individuals throughout the world.With a unique balance between institutional and retail capabilities,the firm is a market leader in its three primary businesses -securities, investment management and credit services and has over 52,000 employees located in 600 offices operating in 28 countries around the world.??To support our businesses, we invest heavily in advanced technology and recruit the highest calibre personnel. As a significant presence in all the major capital markets, we are well-equipped to interpret the forces that move financial markets world-wide.In our European offices alone, there are 85 different nationalities represented and 77 different languages spoken. Above all, we take pride in the quality of our client service.Professionals from many areas of the firm work together to co-ordinate the firm's resources and deliver personal, customised service to all of our clients.In this challenging market environment it is this quality of service combined with quality of content,that helps central banks in making the decisions that shape the world.