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Montevideo, December 1st 2022 - 09:30 UTC

 

 

Argentina's new central bank president: a blend of Keynes with strong government intervention

Thursday, October 2nd 2014 - 07:31 UTC
Full article 37 comments
Economist Vanoli is the fifth head of the Argentine Central Bank during the Kirchner couple era since 2003. Economist Vanoli is the fifth head of the Argentine Central Bank during the Kirchner couple era since 2003.

Alejandro Vanoli, the designated new President of the Argentine Central Bank following Juan Carlos Fabrega’s resignation, is the current leader of the CNV securities regulator, in charge of that entity since 2009 after serving for three years as its deputy.

 He will become the fifth head of the Argentine Central Bank during the Kirchnerite era since 2003.

Vanoli, an economist who graduated from the University of Buenos Aires (UBA), formed part of the so called “Phoenix Plan”; a project which dates back to 2001, consisting of a Keynesian paradigm for the local economy and situating the state with a key regulatory role in opposition to the free market policies taken until that point.

He also served as an official in several technical functions within the local Central Bank and the Economy Ministry, including negotiations of the Argentine foreign debt.

Vanoli is also an author orientated in economic research and has written various articles in scientific magazines.

More recently, he led the capital market reform law which gave the CNV more power to intervene in company boards of directors.

“Our goal is to attract more companies to the capital markets,” he said at the time while trying to dissipate fears about alleged arbitrary use of the powers established in article 20.

Under his leadership, the CNV undertook a variety of steps and operatives to confront the so called dollar 'blue' rise, as he considered it an illegal currency.

In his Twitter account, Vanoli describes himself as “a national and popular economist” and “a Racing Club fan”.

Categories: Economy, Politics, Argentina.

Top Comments

Disclaimer & comment rules
  • Anglotino

    “a national and popular economist”

    Much prefer a rational and boring economist.

    Oct 02nd, 2014 - 08:23 am 0
  • ElaineB

    His C.V. (posted on another thread) is a joke.

    “has written various articles in scientific magazines”. LOL! It is like a C.V. from someone straight out of university. A real one, I mean.

    Oct 02nd, 2014 - 09:24 am 0
  • chronic

    Toilet paper. That's what to invest in. It'll be flying off the shelves. Here comes the pesos out of the mattresses and jars in the backyard and 20 to 1.

    Oct 02nd, 2014 - 09:50 am 0
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