Wednesday 20 October 2010

Nobel laureate joins Central Bank

A Nobel Prize-winning economist who lay the groundwork for the creation of the euro is part of a team of international experts hired by the UAE Central Bank to guide future financial policy.

Nobel laureate Professor Robert Mundell and Sir John Bond, a former group chief executive and chairman of the UK banking giant HSBC, have been appointed to the newly formed International Advisory Council.

Dr David Dodge, a former governor of the Bank of Canada, and Dr Joseph Yam, the executive vice-president of the China Society for Finance and Banking, take the other seats on the council.

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