Saturday, 24 January 2009

Stanley Fischer


Stanley Fischer
Stanley Fischer, Governor of the Bank of Israel
Stanley Fischer, Governor of the Bank of Israel
Born15 October 1943 (age 65)
Northern Rhodesia (Now Zambia)
NationalityIsraeli, American
FieldsEconomics
InstitutionsBank of Israel 2005-
Citigroup 2002-05
IMF 1994-01
World Bank 1988-90
MIT 1973-88, 1990-94
Alma materLSE (BSc, MSc)
MIT (PhD)
DoctoraladvisorFranklin M. Fisher
Doctoral studentsN. Gregory MankiwBen S. Bernanke
Religious stanceJudaism

Stanley "Stan" Fischer (Hebrewסטנלי פישר‎) is an economist and the current Governor of theBank of Israel.

Born in Northern Rhodesia (now Zambia) on 15 October 1943, he obtained his B.Sc. andM.Sc. at the London School of Economics from 1962-1966 and his Ph.D. at MIT in 1969, all in economics. He was a professor at MIT from 1977 to 1988, where he authored two popular economics textbooks: Macroeconomics (with Rüdiger Dornbusch and Richard Startz) andLectures in Macroeconomics (with Olivier Blanchard), and was a thesis advisor to Ben Bernanke.

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, from September 1994 until the end of August 2001. By the end of 2001 Mr. 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. Mr. Fischer worked at Citigroup from February, 2002 to April, 2005.

He became Governor of the Bank of Israel on May 12005, replacing David Klein, who ended his term on January 162005. Mr. Fischer became an Israeli citizen, the aforementioned action being a prerequisite to this appointment. He has been involved in the past with theBank of Israel, having served as an American government adviser to Israel's economic stabilization program in 1985.

Fischer is a fluent Hebrew speaker.[citation needed]

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