Perng Fai-nan

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Perng Fai-nan
彭淮南
央行總裁 彭淮南先生.jpg
Governor of the Central Bank of the Republic of China
In office
25 February 1998 – 26 February 2018
PresidentLee Teng-hui
Chen Shui-bian
Ma Ying-jeou
Tsai Ing-wen
DeputyYang Chin-long
Yen Tzung-ta
Preceded bySheu Yuan-dong
Succeeded byYang Chin-long
Personal details
Born (1939-01-02) 2 January 1939 (age 79)
Shinchiku Prefecture, Taiwan
NationalityRepublic of China
Political partyKuomintang
Alma materNational Chung Hsing University
University of Minnesota, Twin Cities
Signature

Perng Fai-nan (Chinese: 彭淮南; pinyin: Péng Huáinán) is Taiwanese economist. He served as the Governor of the Central Bank of the Republic of China (Taiwan) from 25 February 1998 to 26 February 2018, the longest serving governor in the bank's history. Perng held the distinction as "Best Central Banker in the world" for 14 years (2000, 2005-2017) per Global Finance.

Early life[edit]

Perng obtained his bachelor's degree in economics from College of Law and Business, National Chung Hsing University (now National Taipei University) in 1962. He then obtained his master's degree in economics from University of Minnesota in the United States in 1971.

Career Stats[edit]

Perng was trained as an economist and by 2000 had become a prominent banker. He has been listed in the Global Finance magazine "world's top bankers" for eight consecutive years and has also been credited with saving the banking sector in Taiwan through two near-disastrous financial crises.[1]

His career reached its apex when he was highly regarded as a prime candidate for the premiership of Taiwan, and during President Ma Ying-jeou's government, considered for the position of the cabinet head. Perng, however, declined to continue working in the banking world. Perng reputedly works 364 days a year, taking just one day off for the Chinese New Year's Eve.[1]

As a governor of the central bank, Perng's role is to keep a balance between Taiwan's export and foreign exchange flexibility on one hand and foster economic growth and check domestic inflation.[1]

Perng is well regarded in business circles in Taiwan and in his fourteen years with Taiwan' Central Bank reportedly had steered the bank into becoming a "hen that lays golden eggs".[2] His presence at the bank was widely regarded as a sign of currency stability in Taiwan.[3]

References[edit]

  1. ^ a b c "Perng Fai-nan sets example for Taiwan's politicians". Want China Times. Retrieved 3 June 2013.
  2. ^ "Perng Fai-nan, Taiwan's grade-A central banker". Want China Times. Retrieved 3 June 2013.
  3. ^ Wong, Andrea. "Taiwan Keeping Perng at Central Bank Suggests Stability". Bloomberg. Retrieved 3 June 2013.