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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