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article imageBank of Canada head Mark Carney on list of top central bankers

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By Andrew Moran     Aug 27, 2012 in Business
Ottawa - A finance magazine has published a list of the world's top heads of central banks. This year's compilation includes six central bankers, who received "A" grades. Argentina's Mercedes Marcó del Pont and Ecuador's Pedro Delgado were last.
As the world still suffers from the economic downturn that began four years ago, some central bank heads have been given accolades for their damage control, central economic planning and keeping the nation’s financial system stable.
Global Finance magazine issued its annual list of the globe’s top central bank figures from 50 pertinent nations. It gave each of these heads a grade from “A” to “F” and there were only six names that received an “A.” The grade levels were distributed based on inflation control, interest rate management, economic growth objectives and currency constancy.
The top central bankers are (in alphabetical order):
- Zeti Akhtar Aziz – Malaysia | A (2011: A)
- Mark Carney – Canada | A (2011: B+)
- Stanley Fischer – Israel | A (2011: A)
- Fai-Nan Perng – Taiwan | A (2011: A)
- Glenn Stevens – Australia | A (2011: A)
- Amando Tetangco Jr. – Philippines | A (2011: A)
“During one of the toughest years on record, the World's Central Bankers were tested as never before,” stated Joseph Giarraputo, Global Finance publisher, in a news release. “Every year, we assess the determination of Central Bankers to stand up to political interference, and their efforts at influencing their governments on such issues as spending and economic openness to foreign investment and financial services.”
Argentina's Mercedes Marcó del Pont and Ecuador's Pedro Delgado both received “D” grades and were the only two dead last on the list. On last year’s list, del Pont was also given a “D,” while Delgado was not graded.
United States Federal Reserve Chairman Ben Bernanke increased his grade from a “C” in 2011 to a “B” in 2012. Meanwhile, the biggest drop came from Lebanese central bank head Riad Salameh, who was ranked in the top with an “A,” but was downgraded to a “C.”
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OECD warns 'severe recession', urges Canada to hike interest rate
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Bank of Canada wants policies to restrain free market, incomes
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More about Bank of Canada, Mark Carney, Global finance, Central Banker Report Card, glenn stevens
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