Nov 1, 2002

Blejer Leaves Argentina

Mario Blejer, Argentina's former central bank president, is the new director of the Centre for Central Banking Studies (CCBS) at the Bank of England. He will also act as an advisor to the British central bank's governor, Sir Edward George. Blejer left the nominally independent Argentine central bank in June after a six-month stint, during which the government defaulted on $141 billion of domestic and international debt and abandoned its 11-year convertibility regime that tied the currency to the US dollar. Blejer quit after losing a battle over monetary policy with Roberto Lavagna, who took over as economy minister in April. Blejer was a senior advisor at the International Monetary Fund from 1980 to 2001 and was a professor of economics at Hebrew University in Jerusalem from 1996 to 1999. He was also an advisor to the World Bank on Europe and Central Asia. Sir George said following his appointment that Blejer "brings with him a wealth of technical monetary expertise...

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