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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