Bank of Israel Governor ranks as one of best in the world
Karnit Flug ranked by Global Finance magazine as one of nine best central bank governors in the world for second year in a row.
The magazine Global Finance published Thursday its annual ranking of the world's central bank governors. Flug received an A ranking, along with another eight central bankers.
It ranks them from A to F, the measures affecting the score are coping with and gaining control of inflationary pressures, meeting objectives of economic growth, domestic currency stability and interest rate management. A marks a perfect job whereas F complete failure.
Other central bankers who received an A grade for a second year in a row were India's Raghuram Rajan, Malaysia's Zeti Akhtar Aziz, the Phillipines' Amando Tetangco Jr., and Taiwan's Fai-Nan Peng.
Global Finance publisher and editorial director Joseph Giarraputo notes, “Global economies are starting to recover. This comes despite a number of challenges, including a strengthening US dollar and the end of the Federal Reserve’s easy money policy. Central bankers remain crucial in overcoming these hurdles. Sound monetary policies can dampen the effects of currency swings and rising interest rates—and thus spur economic growth.
"As our scores show, some central banks have fared better than others in devising such policies. Our grades also reflect the willingness of central bankers to stand up to political interference as well as their ability to influence government policies on spending and foreign investment.”
