Do central bank governors make good prime ministers?
Mark Carney is the latest to make the leap, but the record elsewhere has been mixed
On March 9, after almost two months on the campaign trail, former Bank of Canada governor Mark Carney was elected leader of his country’s Liberal Party.
By becoming leader, he is the latest in a line of central bankers to make the switch from governor to government. The learning curve is likely to be steep. His party is still trailing the Conservatives in opinion polls – though the gap has narrowed as the Liberals seek to portray their opponents as being too close to US president Donald Trump
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Governance
Governors serve unlimited terms in half of central banks
While term length averages five years, majority of governors can be dismissed early
US dollar dominance: beyond the ‘exorbitant privilege’
Biagio Bossone argues that dollar ‘seigniorage’ extends into the very structure of global finance and its ‘exorbitant privilege’ is worth up to $804 billion annually
RBI hails AI’s potential in addressing customer grievances
Malhotra says technology should be integrated at “every stage” of complaints process
Smaller central banks more likely to manage government debts
Consumer protection widely overseen in larger institutions
Half of central banks must be consulted on law changes
Practice is slightly more common at banks with government officials on the board
UK regulators cancel plans to impose new diversity rules
BoE’s PRA among supervisors stating that regulations could be ‘in tension’ with focus to drive growth
Tunisia’s president calls for say in setting monetary policy
Saied reportedly makes demand during meeting with central bank governor
Former BoE division head calls for greater focus on trust
Ex-macro-pru official says policy-makers need to monitor public’s confidence in central banks