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April 19, 2014 / 19 Nisan, 5774
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Posts Tagged ‘bank israel’

Ex-Argentina Central Bank Head Tapped for Israel Bank

Sunday, August 11th, 2013

Mario Blejer, a former head of Argentina’s central bank, is the leading candidate to the post of Bank of Israel Governor, after two consecutive nominees have dropped out.

Prime Minister Benjamin Netanyahu is hoping that Blejer, 65, who worked in senior positions at the International Monetary Fund and World Bank and served for a short term as president of Argentina’s central bank—during the economic crisis of 2002 (Blejer was asked to step down by the economy minister.)

Blejer is Netanyahu’s top candidate, but a finance ministry spokeswoman said on Sunday that former Bank of Israel deputy governor Zvi Eckstein, Accountant-General Michal Abadi-Boiangiu and ex-Finance Ministry director-general Victor Medina are also in the running.

The candidates are undergoing a vetting process from a panel that oversees senior civil appointments.

Duty free shops around the globe are being called as you’re reading this report, with inquiries about the shopping (and payment) habits of all the candidates.

Blejer enrolled at the Hebrew University of Jerusalem, and graduated cum laude with degrees in Economics and Jewish History in 1970, as well as with a Master’s Degree in Economics from the same institution, in 1972. He then earned a Ph.D. in Economics at the University of Chicago in 1975, and joined the Boston University Department of Economics as an Assistant Professor.

Blejer advocates the need for further regulation of the world’s financial markets. After his 2002 appointment as president of the Central Bank of Argentina, he supported lifting the withdrawal limits (corralito) on accounts, and prepared a plan to achieve this though treasury bills, whereby depositors would be allowed to withdraw larger amounts only by accepting these as payment, in lieu of cash. He also advocated for a plan to dollarize the Argentine economy. These policies met with the opposition of the Economy Minister, Roberto Lavagna, and Blejer resigned after serving a scant three months (he began as VP, and was promoted after his boss had resigned).

Hong Kong: Frankel Faced Judge over Airport Theft

Wednesday, August 7th, 2013

Jacob Frenkel, who withdrew his candidacy to head the Bank of Israel over accusations that he shoplifted at a duty-free shop in Hong Kong, was arrested and charged with shoplifting, according to Hong Kong government officials.

Hong Kong’s Department of Justice said in a written response to a query from the Israeli daily Haaretz that Frenkel in November 2006 was arrested and charged with the theft of a garment bag from a duty free shop at Hong Kong International Airport and that the charges were later dropped. The letter said there was “no apology to Dr. Frenkel and the Department of Justice had not thanked him for not seeking any compensation,” Haaretz reported Wednesday.

Frenkel had called the shoplifting incident a “misunderstanding” and said the Hong Kong authorities apologized for the embarrassing incident. He said he left the store with a garment bag and thought a colleague had taken care of paying for it.

Frenkel did not disclose the incident to the Turkel Committee on Senior Appointments, which vetted his nomination.

He withdrew his candidacy on July 29, five weeks after he was nominated, and called the publicity surrounding the shoplifting incident “an attempt to burn me at the stake.”

Frenkel previously served two terms as Bank of Israel governor from 1991 to 2000.

Printed from: http://www.jewishpress.com/news/breaking-news/hong-kong-frankel-faced-judge-over-airport-theft/2013/08/07/

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