Perng Fai-nan

Perng Fai-nan
彭淮南
Governor of the Central Bank of the Republic of China
Assumed office
25 February 1998
President Lee Teng-hui
Chen Shui-bian
Ma Ying-jeou
Tsai Ing-wen
Deputy Yang Chin-long
Yen Tzung-ta
Preceded by Sheu Yuan-dong
Personal details
Born (1939-01-02) 2 January 1939
Shinchiku Prefecture, Taiwan
Nationality Republic of China
Political party Kuomintang
Alma mater National Chung Hsing University
University of Minnesota, Twin Cities
Signature

Perng Fai-nan (Chinese: 彭淮南; pinyin: Péng Huáinán) is an economist in the Republic of China. He has served as the Governor of the Central Bank of the Republic of China (Taiwan) since 25 February 1998.[1] Perng hold the record for "Best Central Banker in the world' for 11 years, 2000, 2005-2014, Global Finance.

Early life

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

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.[2]

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.[2]

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.[2]

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".[3] His presence at the bank was widely regarded as a sign of currency stability in Taiwan.[4]

References

  1. "Executive Yuan, R.O.C. (Taiwan)-Executive Yuan Officials". ey.gov.tw. Retrieved 19 January 2014.
  2. 1 2 3 "Perng Fai-nan sets example for Taiwan's politicians". Want China Times. Retrieved 3 June 2013.
  3. "Perng Fai-nan, Taiwan's grade-A central banker". Want China Times. Retrieved 3 June 2013.
  4. Wong, Andrea. "Taiwan Keeping Perng at Central Bank Suggests Stability". Bloomberg. Retrieved 3 June 2013.
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