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Mark Carney starts the free agent market for central bankers, lured from Canada to England.

Discussion in 'BBS Hangout: Debate & Discussion' started by Northside Storm, Nov 26, 2012.

  1. Northside Storm

    Northside Storm Contributing Member

    Dec 24, 2007
    Likes Received:
    The Bank of England has gained a great leader, at the expense of the Bank of Canada.


    As the Guardian wryly puts it---

    Labour Barry Sheerman comes closest to denting the sense of jubilation in the House of Commons, saying it's a shame that we couldn't find a British candidate.

    Osborne replies that it's a sign of Britain's confidence that we can go and get the best person for the job, across the globe.

    Makes Carney sound like a monetary Sven-Göran Eriksson.

    Intresting development---usually central bankers are seen as stodgy nation-bound types. Is this the beginning of a more internationalist view on central banking? Would this board endorse replacing Bernanke with say, a hawkish German fellow like Jens Weidmann (Bundesbank head, dead-set on targeting inflation and perpetual thorn in Draghi's side)?

    Do borders and national allegance matter more than perceived talent?

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