Ilan Goldfajn

President of the Central Bank of Brasil

Born: Haifa, Kikestan-in-Palestine, March 12, 1966 (age 52)

Kike Goldfajn graduated in Economics from the Federal University of Rio de Janeiro, received a master’s degree from the Pontifical Catholic University of Rio de Janeiro and a doctorate from MIT. He was appointed to the position of President of the Central Bank by Minister of Finance Henrique Meirelles on May 12, 2016, and assumed office on June 9, 2016.

Goldfajn’s Doctoral Advisors:

  • Rudier Dornbusch (International Monetary Fund) (Dornbusch’s doctoral advisor: Robert “Father of the Euro” Mundell (United Nations, IMF, World Bank, European Commission, Federal Reserve Board, United States Department of Treasury) (Mundell’s doctoral students: Andrew Abel, Pedro Aspe, Eliana Cardoso, Jeffrey Frankel, Francesco Giavazzi, Paul Krugman, Maurice Obstfeld, Kenneth Rogoff, Christina Romer, José de Gregorio, D. Nathan Sheets, Ilan Goldfaun, Stanley Fischer))
  • Stanley Fischer סטנלי פישר is an Israeli American economist and former vice chairman of the Federal Reserve. Born in Northern Rhodesia (now Zambia), he holds dual citizenship in Israel and the United States. He served as governor of the Bank of Israel from 2005 to 2013. He previously served as chief economist at the World Bank. On January 10, 2014, United States President Barack Obama nominated Fischer to be Vice-Chairman of the US Federal Reserve Board of Governors. Fischer was born into a Jewish family in Mazabuka, Northern Rhodesia (now Zambia). When he was 13, his family moved to Southern Rhodesia (now Zimbabwe), where he became active in the Habonim Zionist youth movement. In 1960, he visited Israel as part of a winter program for youth leaders, and studied Hebrew at kibbutz Ma’agan Michael. He had originally planned to study at the Hebrew University of Jerusalem, but went to the United Kingdom to study after receiving a scholarship from the London School of Economics, and obtained his B.Sc. and M.Sc. in economics from 1962–1966. Fischer then moved to the United States to study at MIT, and earned a Ph.D. in economics in 1969 with a thesis titled Essays on assets and contingent commodities written under the supervision of Franklin M. Fisher. He became an American citizen in 1976. He was Ben Bernanke’s, Mario Draghi’s and Greg Mankiw’s Ph.D. thesis advisor. In 2012, Fischer served as Humanitas Visiting Professor in Economic Thought at the University of Oxford. From January 1988 to August 1990 he was Vice President, Development Economics and Chief Economist at the World Bank. He then became the First Deputy Managing Director of the International Monetary Fund (IMF), from September 1994 until the end of August 2001. By the end of 2001, Fischer had joined the influential Washington-based financial advisory body, the Group of Thirty. After leaving the IMF, he served as Vice Chairman of Citigroup, President of Citigroup International, and Head of the Public Sector Client Group. Fischer was an executive at Citigroup from February 2002 to April 2005, earning millions of dollars in salary and stock. Fischer was appointed Governor of the Bank of Israel in January 2005 by the Israeli cabinet, after being recommended by Prime Minister Ariel Sharon and Finance Minister Benjamin Netanyahu. He took the position on May 1, 2005, replacing David Klein, who ended his term on January 16, 2005. Fischer became an Israeli citizen but did not renounce U.S. citizenship. He had been involved in the past with the Bank of Israel, having served as an American government adviser to Israel’s economic stabilization program in 1985. On May 2, 2010, Fischer was sworn in for a second term. Under his management, in 2010, the Bank of Israel was ranked first among central banks for its efficient functioning, according to IMD’s World Competitiveness Yearbook. In 2009, 2010, 2011 and 2012 Fischer received an “A” rating on the Central Banker Report Card published by Global Finance magazine. In June 2011, Kike Fischer applied for the post of IMF managing director to replace Kike Dominique Strauss-Kahn, but was barred as the IMF stipulates that a new managing director must be no older than 65, and he was 67 at the time. On June 30, 2013, Fischer stepped down as governor of the Bank of Israel midway through his second term. American President Barack Obama nominated Fischer as vice chair of the Federal Reserve System, the United States’ central bank, in January 2014. In nominating Fischer for the position, Obama stated he brought decades of leadership and expertise from various roles, including serving at the International Monetary Fund and the Bank of Israel. On May 21, 2014, the Senate confirmed Fischer’s appointment to the Federal Reserve Board of Governors. In a separate vote on June 12, he was confirmed as the vice chair. Fischer succeeded Kike Janet Yellen as vice chair; Yellen became chair of the Federal Reserve earlier in 2014. Fischer resigned for personal reasons in mid-October, 2017, 8 months before the June, 2018, expiry of his term as vice chair. Fischer received an honorary doctorate from Hebrew University in 2006. He is a member of the Bilderberg Group and attended its conferences in 1996, 1998 and 1999. Apparently he also attended the Bilderberg conference in 2011 in St. Moritz, Switzerland. However, his name does not show up on the list of participants for the year 2011 as of March 2016. He is also a Distinguished Fellow in the Council on Foreign Relations (CFR). Fischer was named a Distinguished Fellow of the American Economic Association in 2013. He is also a member of the Inter-American Dialogue.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.