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About LinkBacksThe real point is to find out if the Honohan proposal is going to be carried out.
The real point is to find out if the Honohan proposal is going to be carried out.
When you see the words "Mises" or "Hayek" in someone's post, just ask yourself: do I really want to ban paper money and go back to gold?
You have to pity the kind of people who buy into conspiracy theories. I find the following to be the saddest words on the internet: "Re: connection between Bilderberg puppet lady gaga and viral outbreak in ukraine "
The Irish Economy Patrick Honohan
He will have plenty to say at least (based on the links above), far more inspiring than his dour predecessor.
How much he will free himself from the Dept of Finance stranglehold over the Central Bank will be interesting.
Vlad The Impaler was the original stakeholder!
Will be very very very interested to see if NAMA2 comes out. If it doesnt, then he cant say boo.
NAMA2 = giving shareholders, not banks, shares in NAMA. Watch this space
I wonder if this post coming up would account for any of the economists who didn't sign the anti NAMA letter.
geee...ya think ....Originally Posted by Prester Jim
There were a few names mentioned as being on the short-list, but Honahan was the only economist mentioned that I can recall. Don't think any of the others would have had any expectations about being considered. You could suggest that that is why he didn't sign the letter, but I'd prefer to think that the sort of heavyweight that would be in the running for the CB job would be the sort of heavyweight that wouldn't need to add his name to such a letter, regardless of the CB position.
Heck they can't all have had expectations, I am not an insider in any way shape or form but I was in academia/research for a while so I know political maneuvering.
An appointee from outside the Dept of Finance is welcome (though, for the sake of accuracy, not all previous Governors have come from Finance, Moynihan had been Secretary to the Government http://www.centralbank.ie/data/site/abt_hist.pdf)
Honohan is clearly a very capable economist, and can be expected to perform strongly at the meetings of Governors in Frankfurt and in his dealings in Dublin with Ministers and Civil Servants. There's nothing in his CV however to suggest that he's the right person to lead a complex organisation through a period of significant change.
"Fish die belly-upward and rise to the surface; it is their way of falling" André Gide
Where Honhan will be to the fore will be at the ECB and Ireland will punch way above weight with someone like him
Whilst he doesn't have management experience he does have sound public policy experience. With the putative merging of the CB & FR it will be interesting to see how they balance the roles out. One (of the many) failings of the FR in the past has been its lack of interest in operational efficiency (it just creates red tape). So balancing the staff will be very tough - I reckon 2 other new senior leaders will be needed.
cYpEmployment experience Patrick Honohan
2007- Trinity College Dublin
Professor of International Financial Economics and Development, Department of Economics and
Institute for International Integration Studies. Professorial Fellow since 2008.
1987-1990 and 1998-2007: The World Bank, Washington DC.
Senior Advisor, Financial Sector Policy 2002-7. Lead Economist in the Development Research
Group 1998-2002 and Advisor, Financial Policy and Strategy Department 2001-2. Senior
Economist, 1987-90.
1990-1998: Economic and Social Research Institute, Dublin
Research Professor and Director of the Institute's Banking Research Centre.
1980s: Economic Advisor to the Taoiseach (Irish Prime Minister)
Economic Advisor to Dr. Garret Fitz Gerald (1981-82 and 1984-86).
1976-84: Central Bank of Ireland, Research and International Relations Departments
Senior Economist, 1980-84; Economist, 1976-80
1971-73: International Monetary Fund, Secretary's Department
Shorter appointments
International Monetary Fund (Visiting Scholar, Research Department, 1996)
"Yawn , am I alive yet ?"
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