Stanley Fischer

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Stanley Fischer (2000)

Stanley Fischer ( Hebrew סטנלי פישר; * October 15, 1943 in Mazabuka , Northern Rhodesia , now Zambia ) is an Israeli-American economist and deputy chairman of the Federal Reserve until October 2017 . He is the former governor of the Israeli central bank, the Bank of Israel (from 2005 to 2013).

childhood and education

Fischer was born in the former northern Rhodeian city of Mazabuka as a child of European- Jewish immigrants. At the age of 13 the family moved to Southern Rhodesia (now Zimbabwe ), where he became active in the Zionist youth movement Habonim , among other things . Fischer later earned a Bachelor of Science and then a Master of Science in economics from the London School of Economics , where he studied from 1962 to 1966. He earned a Ph.D. in 1969. at the Massachusetts Institute of Technology . In 1976 he became an American citizen.

Career

Fischer during the WEF 2010

From 1977 to 1988 he was a professor at the Massachusetts Institute of Technology . There he wrote two highly regarded textbooks: Macroeconomics (with Rudiger Dornbusch and Richard Startz) and Lectures in Macroeconomics (with Olivier Blanchard ).

From January 1988 to August 1990 he was Vice President of the World Bank and later, from September 1994 to the end of August 2001, he became the first deputy director of the International Monetary Fund . After leaving the IMF, he became vice chairman of Citigroup . Fischer was with Citigroup from February 2002 to April 2005.

On May 1, 2005, he was appointed governor of the Central Bank of Israel. He was nominated for the post on January 9, 2005 by Ariel Sharon and Finance Minister Benjamin Netanyahu . Fischer worked as an American advisor for the Israeli central bank as early as 1985 . In order to take up his new role, Fischer became an Israeli citizen by making use of the Return Act as a Jew , but retained his US citizenship. He replaced David Klein , whose tenure with the Central Bank of Israel ended on January 16, 2005.

On June 11, 2011, his application to chair the IMF was announced. On June 13, 2011, his candidacy was rejected by the IMF on grounds of age, as the statutes state that candidates cannot be older than 65 years. There was no majority to change the statutes. Fischer was 67 years old at the time of his application.

Fischer resigned from his position as governor of the Israeli central bank on June 30, 2013.

On May 28, 2014 Fischer was Vice Chairman of the US Federal Reserve Fed . At the beginning of September 2017, after differences with US President Donald Trump, he announced his early departure from the Fed, which will take effect in mid-October. His regular term of office as Vice President ends on June 12, 2018, and membership of the Fed was scheduled for January 31, 2020.

Honors

literature

Article about fishermen

Web links

Commons : Stanley Fischer  - collection of pictures, videos and audio files

Individual evidence

  1. ^ Bank of Israel governor Stanley Fischer submits candidacy for IMF chief .
  2. ↑ Israel's central bank chief is running for IMF post .
  3. ↑ IMF rejects Fischer's candidacy in: Handelsblatt dated June 14, 2011.
  4. ^ President of Bank Israel announces resignation. ( Memento of the original from July 29, 2014 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved September 11, 2013. @1@ 2Template: Webachiv / IABot / www.israel-nachrichten.org
  5. ↑ http://federalreserve.gov/newsevents/press/other/20140528a.htm .
  6. ↑ US Federal Reserve : Trump critic Fischer resigns surprisingly. In: Spiegel Online . September 7, 2017. Retrieved September 7, 2017 .
  7. ↑ Bernhard Harms Prize. (No longer available online.) Ifw-kiel.de , archived from the original on June 14, 2013 ; Retrieved June 15, 2013 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.ifw-kiel.de
predecessor Office successor
Anne O. Krueger Chief Economist of the World Bank
1988–1990 		Lawrence Summers
David Klein Governor of the Bank of Israel
2005–2013 		Carnit flight
personal data
SURNAME Fischer, Stanley
BRIEF DESCRIPTION American economist, Israeli central banker
DATE OF BIRTH October 15, 1943
PLACE OF BIRTH Northern Rhodesia , today Zambia