World’s Top Central Bankers 2013




Global Finance

Magazine Grades the World’s Top Central Bankers 2013

Top Central Bankers 2013


New York, August 22, 2013



Global Finance

magazine has named the heads of the central banks of Malaysia, the Philippines and Taiwan as the World’s Best Central Bankers over the past year, in recognition of their achievement of an A rating on

Global Finance

s Central Banker Report Cards. In addition, the central bankers of Chile and the European Union earned A- ratings.

The Central Banker Report Cards, published annually by

Global Finance

since 1994, grades central bank governors of more than 50 key countries (and the European Union) on an A to F scale for success in areas such as inflation control, economic growth goals, currency stability and interest rate management. (A represents an excellent performance down through F for outright failure.) Subjective criteria also apply.


Global Finance

publisher Joseph Giarraputo notes: As developed economies begin the gradual route to recovery and some of the largest emerging markets continue to slow, the worlds central bankers face a challenging time in managing monetary policy to positively influence economic stability and growth. Every year, we assess the determination of central bankers to stand up to political interference and their efforts at influencing their governments on such issues as spending and economic openness to foreign investment and financial services.


The Central Bankers earning an A rating in the

Global Finance

Central Banker Report Card are:
Malaysia Zeti Akhtar Aziz A
Philippines Amando Tetangco Jr. A
Taiwan Fai-Nan Perng A

The Central Bankers earning an A- rating are:
Chile Rodrigo Vergara A-
European Union Mario Draghi A-


Country



Central Bank Governors



2013 Grade



2012 Grade

Argentina Mercedes Marc del Pont D D
Brazil Alexandre Tombini B B
Canada Stephen Poloz Too early to say N/A*
Chile Rodrigo Vergara A- B+
Colombia Jos Daro Uribe Escobar B+ B
Ecuador Diego Martinez D N/A*
Mexico Agustin Carstens B B+
Peru Julio Velarde Flores B+ B
United States Ben Bernanke B+ B


Country



Central Bank Governors



2013 Grade



2012 Grade

Belarus Nadezhda Ermakova C C
Czech Republic Miroslav Singer B- B
European Union Mario Draghi A- B
Hungary Gyrgy Matolcsy Too early to say N/A*
Norway ystein Olsen B- B
Poland Marek Belka B B
Russia Elvira Nabiullina Too early to say N/A*
Sweden Stefan Ingves B B
Switzerland Thomas Jordan B Too early to say
Turkey Erdem Bai B+ B
Ukraine Ihor Sorkin Too early to say N/A*
United Kingdom Mark Carney Too early to say N/A*


Country



Central Bank Governors



2013 Grade



2012 Grade

Australia Glenn Stevens B+ A
Bangladesh Atiur Rahman C C
China Zhou Xiaochuan C B
Hong Kong Norman Chan B N/A**
India Raghuram Rajan Too early to say N/A*
Indonesia Agus Martowardojo Too early to say N/A*
Japan Haruhiko Kuroda Too early to say N/A*
Kazakhstan Grigory Marchenko B+ B+
Malaysia Zeti Akhtar Aziz A A
New Zealand Graeme Wheeler B N/A*
Philippines Amando Tetangco Jr. A A
Singapore Ravi Menon B B
South Korea Kim Choongsoo B+ C
Sri Lanka Ajith Nivard Cabraal B B
Taiwan Fai-Nan Perng A A
Thailand Prasarn Trairatvorakul B+ B+
Vietnam Nguyn Vn Bnh C C


Country



Central Bank Governors



2013 Grade



2012 Grade

Algeria Mohammed Laksaci C C
Angola Jos de Lima Massano B B
Bahrain Rasheed Mohammed Al-Maraj B B
Ethiopia Teklewold Atnafu C- C
Israel Too early to say N/A*
Kenya Njuguna Ndung’u B+ B
Kuwait Mohammad Yusuf Al-Hashel B Too early to say
Lebanon Riad Salameh B C
Morocco Abdellatif Jouahri B B
Nigeria Sanusi Lamido Sanusi C+ B+
Qatar Abdullah Saud Al-Thani B- B
Saudi Arabia Fahad Al-Mubarak B+ B+
South Africa Gill Marcus C C
United Arab Emirates Sultan bin Nasser Al-Suwaidi B- B

*Central Bank governor was graded in 2012, however a different governor held the office.

**New country addition to the Central Bank Report Cards in 2013, therefore no grade was given in 2012.

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