Sir Francis Bacon wrote in 1625 that “reading maketh a full man, conference a ready man, and writing an exact man.” If students abandon the research paper, they will miss the only discipline that can reveal to them the accuracy and integrity of their own thoughts. The Internet can be a supermarket of information to assist such efforts, and books and fine teachers can also help, but the real effort of acquiring knowledge belongs to the student, and there is, at least in the humanities, no better work for the student to undertake than a serious research paper.
BIS researchers collaborate extensively with researchers in academia, central banks and other policy institutions. The BIS operates a range of visiting programmes for researchers, including the Lamfalussy Senior Research Fellowship for long-term visits by resident scholars, the BIS Research Fellowships for short-term collaborative visits by academics and the Central Bank Research Fellowship programme for visits by researchers from member central banks . In addition, the BIS organises conferences to galvanise research in emerging areas of policy interest, and serves as the hub for the BIS Research Network which brings together researchers in central banks and in academia for regular meetings on monetary and financial stability issues.