Jacques de Larosière
Jacques Martin Henri Marie de Larosière de Champfeu (born November 12, 1929 in Paris ) is a French lawyer. He was Director of the International Monetary Fund (IMF) (1978–87), President of the Banque de France (1987–93) and President of the European Bank for Reconstruction and Development (1993–98).
Life
De Larosière studied law at the Paris Sorbonne , the Institut d'études politiques de Paris (IEP) and the École nationale d'administration (ENA) until 1960 . He first made a career in the Direction générale du Trésor , the French Treasury , and was its director from 1974 to 1978.
As the successor to Johan Witteveen , he was appointed Managing Director of the International Monetary Fund (IMF) in 1978 and confirmed in his post for a further five years in 1983. In 1982 Time magazine named him " Man of the Year " for his role in addressing the debt crises in Mexico, Brazil, Argentina and other Latin American countries .
In 1987 de Larosière became governor of the Banque de France and was instrumental in the preparation of the European Monetary Union .
In 1993 the European Bank for Reconstruction and Development (EBRD) appointed de Larosière as its president. He was noticed there by his rigorous austerity and the stronger focus on small and medium-sized enterprises , which the EBRD was able to restore a positive reputation after the strongly criticized policies of its predecessor Jacques Attali . After his resignation at the beginning of 1998, Vice President Charles Frank took over the office of President on a provisional basis until Horst Köhler was elected as the new EBRD President in July 1998 .
After leaving the EBRD, de Larosière became an international financial advisor at the French commercial bank BNP Paribas .
De Larosière was chairman of an expert group set up by the European Commission , which on February 25, 2009 presented detailed recommendations as lessons from the financial crisis in order to strengthen the supervision of financial institutions and markets in the EU (so-called de Larosière report ).
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| personal data | |
|---|---|
| SURNAME | Larosière, Jacques de |
| ALTERNATIVE NAMES | Larosière de Champfeu, Jacques Martin Henri Marie de (full name) |
| BRIEF DESCRIPTION | French lawyer |
| DATE OF BIRTH | November 12, 1929 |
| PLACE OF BIRTH | Paris |