User:Basel Lisa
Malcolm D. Knight | |
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File:Malcolm-Knight.jpg | |
Born | Windsor, Ontario |
Nationality | Canadian |
Education | Ph.D., London School of Economics and Political Science, University of London, 1972
M.Sc. (Economics), London School of Economics and Political Science, 1968 Honour B.A. in Political Science and Economics, University of Toronto, 1967 Matriculation, Amherstburg District High School, Amherstburg, Ont., Canada, 1963 |
Career
[edit]Bank for International Settlements (2003- )
[edit]Malcolm Knight became General Manager of the Bank for International Settlements (BIS) in April 2003. He is the Chief Executive Officer of the Bank, responsible to the Board of Directors.
Bank of Canada (1999-2003)
[edit]Prior to becoming General Manager of the BIS, Mr Knight served from 1999 to 2003 as Senior Deputy Governor of the Bank of Canada. As the Number Two in Canada’s central bank, Mr Knight was its chief operating officer and a member of its Board of Directors. Mr Knight's key duties included overseeing strategic planning and coordinating all the Bank's operations, acting for the Governor, and sharing responsibility for the conduct of monetary policy as a member of the Bank's Governing Council.
International Monetary Fund (1975-99)
[edit]Mr Knight joined the Research Department of the International Monetary Fund in 1975. He then served as an economist in the Financial Studies Division before becoming Chief of external adjustment issues and then Assistant Director of the Research Department for developing country studies. In 1992 Mr. Knight moved to the operational departments of the IMF where he served, successively, as Deputy Director of the Middle East Department, the Monetary and Exchange Affairs Department, and the European 1 Department.
While at the IMF, Mr. Knight also served for many years as an adjunct professor with the Center for Canadian Studies at the Johns Hopkins University School of Advanced International Studies. During 1985-86, Mr, Knight was an Academic Visitor at the Centre for Labour Economics, London School of Economics and Political Science, and he served for 11 years, until 1997, on the Editorial Board of the IMF Staff Papers.
Early career (1971-75)
[edit]During 1971-75, Mr Knight taught at the University of Toronto and then at the London School of Economics and Political Science.
Honours and memberships
[edit]Mr Knight was awarded an Honorary Doctorate by Trinity College, University of Toronto in 2006, and was inducted as a Member of the Johns Hopkins University Society of Scholars in May 2007. In 2006, Mr Knight was also inducted as a Member of the Honorary Senate of the Lindau Nobel Prizewinners Foundation.
In addition to his duties as CEO of the BIS, Mr Knight serves as a Trustee of the International Accounting Standards Committee Foundation, which oversees the work of the London-based International Accounting Standards Board in developing accounting standards that over 100 countries are committed to adopt. Mr Knight is also a member of the Financial Stability Forum, which reports to the G8 finance ministers on vulnerabilities in the international financial system; and of the Capital Markets Consultative Group, which meets twice-yearly with the Managing Director of the International Monetary Fund to discuss the latest developments in global capital markets. In addition, Mr Knight is a Trustee of the Per Jacobsson Foundation, which organises lectures by eminent figures in the economic and financial community, and of the European Association for Banking and Financial History.
Publications
[edit]- "Reforming the Global Financial Architecture: Just Tinkering at the Edges?" With L. Schembri and J. Powell. In The IMF and its Critics: Reforming the Architecture of Global Economic Institution. Edited by D. Vines and C.L. Gilbert. Cambridge University Press, 2004.
- "The Bank of Canada's Approach to Inflation Targeting." 2004. With R. Fay and B. O'Reilly. In Statistical Implications of Inflation Targeting: Getting the Right Numbers and Getting the Numbers Right. Carol S. Carson et al (eds.) Washington, D.C.: International Monetary Fund; 2002.
- "The Central Bank's Role in Fostering Financial System Stability: A Canadian Perspective". In Financial Risks, Stability, and Globalisation 312-319, edited by O.E.G. Johnson. Washington, D.C.: International Monetary Fund; 2002.
- Transforming Financial Systems in the Baltics, Russia, and Other Countries of the Former Soviet Union. Edited by M. Knight, A.B. Petersen, and R.T. Price. Washington, D.C.: International Monetary Fund; 1999.
- "Developing and Transition Countries Confront Financial Globalization." Finance and Development 36 (2): 32-35.1999.
- "Developing Countries and the Globalization of Financial Markets." World Development 26 (7): 1185-1201; 1998.
- "Current Accounts: What is Their Relevance for Economic Policymaking?" With F. Scacciavillani. In Proceedings of the Austrian National Bank Conference on "Current Accounts: What Is Their Significance for Policymakers?"; 1998.
- "Economic Determinants of IMF Financial Arrangements." With J.A. Santaella Journal of Development Economics 54 (2): 405- 36; 1997.
- "Central Bank Reforms in the Baltics, Russia, and the Other Countries of the Former Soviet Union." Edited by M D Knight. IMF Occasional Paper No. 157. Washington, D.C.: International Monetary Fund; 1997.
- The Canadian Economy. Revised Edition. Washington, D.C.: Association for Canadian Studies in the United States, co published with Michigan State University Press; 1996.
- "The Peace Dividend: Military Spending Cuts and Economic Growth." With N. Loayza and D. Villanueva. IMF Staff Papers 43 (1): 1-37; 1996.
- "Measuring the Peace Dividend." With N. Loayza. DECnotes No. 6. Washington, D.C.: The World Bank; 1996
- "Testing the Neoclassical Theory of Economic Growth: A Panel Data Approach." With N. Loayza and D. Villanueva. IMF Staff Papers 40 (3): 512-41; 1993.
- "Economic Interactions and the Fiscal Policies of Major Industrial Countries: 1980 1988." With P.R. Masson. In Private Behaviour and Government Policy in Interdependent Economies, 282-334, edited by A.S. Courakis and M.P. Taylor. Oxford: Oxford University Press; 1990.
- The Canadian Economy. Washington, D.C.: Association for Canadian Studies in the United States ; 1989.
- "Fiscal Policies, Net Saving, and Real Exchange Rates: The United States, the Federal Republic of Germany, and Japan."With P.R. Masson. In International Aspects of Fiscal Policies, 21-71, edited by J.A. Frenkel. Chicago and London: NBER/University of Chicago Press ; 1988.
- "Import Compression and Export Performance in Developing Countries." With M.S. Khan. The Review of Economics and Statistics 70 (2): 315-21 ; 1988.
- "Theoretical Aspects of the Design of Fund Supported Adjustment Programs." A study by the Research Department of the International Monetary Fund. IMF Occasional Paper No. 55. Washington, D.C.: International Monetary Fund; 1987.
- "International Transmission of Fiscal Policies in Major Industrial Countries." With P. R. Masson. IMF Staff Papers 33 (3): 387-438; 1986.
- "Do Fund Supported Adjustment Programs Retard Growth?". With M.S. Khan. Finance and Development 23 (1): 30-32; 1986.
- "Fund Supported Adjustment Programs and Economic Growth." With M.S. Khan. IMF Occasional Paper No. 41. Washington, D.C.: International Monetary Fund; 1985.
- "Issues in the Assessment of the Exchange Rates of Industrial Countries." A Study by the Research Department of the International Monetary Fund. With J.R. Artus. IMF Occasional Paper No. 29. Washington, D.C.: International Monetary Fund; 1984.
- "Economic Change and Policy Response in Canada under Fixed and Flexible Exchange Rates. "With D.J. Mathieson. In Economic Interdependence and Flexible Exchange Rates, 500-29, edited by J. Bhandari and B. Putnam. Cambridge Mass.: M.I.T. Press; 1983.
- "Determinants of Current Account Balances of Non Oil Developing Countries in the 1970s: An Empirical Analysis." With M.S. Khan. IMF Staff Papers 30 (4): 819-42; 1983.
- "Sources of Payments Problems in LDCs." With M.S. Khan. Finance and Development 20 (4): 2-5; 1983.
- "Some Theoretical and Empirical Issues Relating to Economic Stabilization in Developing Countries." With M.S. Khan. World Development 10 (9): 709-30; 1982.
- "Unanticipated Monetary Growth and Inflationary Finance." With M.S. Khan. Journal of Money, Credit and Banking 14 (3): 347-64; 1982.
- "Stabilization Programs in Developing Countries: A Formal Framework." With M.S. Khan. IMF Staff Papers 28 (1): 1-53; 1981.
- "Model of an Industrial Country under Fixed and Flexible Exchange Rates. With D.J. Mathieson. In Trade and Payments Adjustment Under Flexible Exchange Rates, edited by J. Martin and A. Smith. London: Macmillan; 1979.
- "A Macroeconomic Model of the United Kingdom." With. C.R. Wymer. IMF Staff Papers 25 (4): 742-78; 1978.
- "Reserve Currency Preferences of Central Banks." With H.R. Heller. Essays in International Finance 131. Department of Economics, Princeton University; 1978.
- "International Bank Lending in Perspective." With A.D. Crockett. Finance and Development 15 (4): 45-48; 1978.
- "The New International Monetary System: Some Issues." With J. Salop. Finance and Development 14 (2): 19-22. Reprinted in The Contemporary International Economy edited by J. Adams. New York; St. Martin’s Press; 1977.
- "Euro Dollars, Capital Mobility and the Forward Exchange Market." Economica 44: 1-21; 1977.
- "A Monetary Model of an Open Economy with Particular Reference to the United Kingdom." With C.R. Wymer. In Essays in Economic Analysis, 153-71, edited by M.J. Artis and A.R. Nobay. Cambridge: Cambridge University Press; 1976.
- "A Continuous Disequilibrium Econometric Model of the Domestic and International Portfolio Behavior of the U.K. Banking System." In Essays in Modern Economics, edited by M. Parkin and A.R. Nobay. London: Longmans; 1973.
Recent speeches
[edit]- Securitisation: was the tail wagging the dog?, 29 May 2008.
- European and international financial markets: a new era? Keynote address at the Aspen Seminar for Leaders, San Clemente Island, Venice, 16 May 2008.
- The euro as catalyst for global financial market deepening Speech at the Brussels Economic Forum 2008 on Economic and Monetary Union in Europe: 10 Years On, Brussels, 15 May 2008.
- Weaknesses revealed by the market turmoil: where do we go from here? Keynote address at the Chatham House event: "The New Financial Frontiers", London, 29 April 2008.
- Some reflections on the future of the originate-to-distribute model in the context of the current financial turmoil Speech at the Euro 50 Group Roundtable on "The future of the originate and distribute model", London, 21 April 2008.
- Now you see it, now you don't; the nature of risk and the current financial turmoil Speech at the Ninth Annual Risk Management Convention and Exhibition of the Global Association of Risk Professionals, New York, 26 February 2008.
- Transparency and communication in monetary policy Introductory remarks at the Joint BSP-BIS High-Level Conference on Transparency and Communication in Monetary Policy, Manila, 1 February 2008.
- The growing importance of Islamic finance in the global financial system Remarks at the 2nd Islamic Financial Services Board Forum, Frankfurt, 6 December 2007.
- European financial integration in the context of current financial market turbulence Keynote remarks at the 2007 Eurofi Conference "Achieving the integration of European financial markets in a global context", Brussels, 3 December 2007.
- Globalisation and population trends: implications for labour markets and inflation Opening remarks at the BIS Conference in Honour of Palle S Andersen, Basel, 3 December 2007.
- The current credit market turmoil: financial and macroeconomic implications Presentation at the Group of Thirty International Banking Session on "The Evolving Structure of the World Economic System", Washington DC, 22 October 2007.
- Global banking: paradigm shift – managing transition Speech at the Federation of Indian Chambers of Commerce and Industry (FICCI) – Indian Banks' Association (IBA) Conference, Mumbai, 12 September 2007.
- Prospects and policies for the global economy Speech delivered on the occasion of the Bank's Annual General Meeting, Basel, 24 June 2007.
- The globalisation of financial markets and financial regulation: implications for Latin America Presentation to the Centro para la Estabilidad Financiera, Buenos Aires, 5 June 2007
- Financial risks: a view from the BIS Speech at the Central Bank of Argentina 2007 Money and Banking Conference, Buenos Aires, 4-5 June 2007.
- Inflation targeting in emerging market economies Speech at the Seminar on Inflation Targeting, Bank of Morocco, 4 April 2007.
- Now you see it, now you don't: risk in the small and in the large Keynote address at the Eighth Annual Risk Management Convention of the Global Association of Risk Professionals, 27-28 February 2007.
- Objectives and challenges of monetary policy Speech at the Conference on Inflation Targeting, Magyar Nemzeti Bank, Budapest, 18-19 January 2007.