Monday, June 13, 2011

Bank of Israel governor: I Bilajiade better suited to lead the IMF

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BEIJING, June 13 Xinhua BEIJING, foreign learned from the financial channels, the Bank of Israel Governor Stanley Fischer (Stanley Fischer) said that, as an economist, he accepted the leadership of education for the International Monetary Fund and deal with the economic crisis is very important and indispensable. Fisher's background and his main rival, French Finance Minister Lagarde (Christine Lagarde) in stark contrast: Lagarde was originally a lawyer. 

Fisher told "The Wall Street Journal" interview, said that under normal circumstances, you may be able to rely on intuition. However, countries always have to solve the major economic issues, and IMF staff are often given conflicting advice. Fisher added that did not receive formal training in economics, you will not know who the correct point of view, whose view is wrong. You must have a comprehensive framework for thinking. 

By emphasizing the former MIT professor of economics and economic policy makers as a wide range of experience, Fisher is trying to his reputation as a technocrat into an advantage. Lagarde was widely seen as a bold decision of finance ministers, but her lack of formal economics training. 

Fisher said, IMF's history, there are many good president is not the origin politics. Candidates for the post of president to be respected in all aspects, whether it is their private life or professional competence was like that. This person is to be able to work with others, but also to clear position. 

Another candidate, Mexico's central bank governor, Augustin Carstens (Agustin Carstens) is a highly respected economist, he was the boom in the global economy as the IMF's vice president for a term of three years. But his extensive resume as Fisher: 1988 to 1990, Fisher has served as the World Bank (World Bank) chief economist; He has also served as vice president of IMF for seven years, his tenure through 1997, just 1998 Asian financial crisis. 

However, reports also point out that Fisher wants to win the election, still face considerable uncertainty: Lagarde has locked the support of European countries, these countries account for about one-third of IMF voting rights. On Friday she won the support of some African countries, which marked her from developing countries gained new support.

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