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Former Governor of CNB and Prime Minister Tošovský graduated from FIR in 1973

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15_tosovskyThe list of successful FIR alumni includes Mr. Josef Tošovský – a leading Czech economist, former Governor of the Czech National Bank and Prime Minister of the caretaker government in 1998. Tošovský currently holds the post of the Chairman of the Financial Stability Institute at the Bank for International Settlements (BIS) in Basel, Switzerland.

Josef Tošovský was born in Náchod. In 1968 – 1973 he was studying international trade at the University of Economics in Prague. After his graduation he was offered a position in the headquarters of the Czechoslovakian State Bank, where he continued at various posts including an advisor to the Chairman. Afterwards, he moved to London to serve as a deputy chairman of the branch office of Živnostenská banka. On 20th January 1993 he was appointed as the Governor of the Czech National Bank.

In December 1997, during a political crisis, Mr. Tošovský was entrusted with forming a new caretaker government, which he led as Prime Minister until July 1998. Consequently, he was appointed to serve as Governor of the Czech National Bank for a new 6-year period. He resigned in November 2000 and accepted the chairmanship of the Financial Stability Institute at the Bank for International Settlements (BIS) in Basel, Switzerland.

Josef Tošovský is recognized as a leading Czech economist who contributed significantly to forming anti-inflationary monetary policy, achieving full convertibility of the Czech crown and ensuring exchange rate stability. He received numerous prestigious awards (Central Bank Governor of 1993; European Manager of 1994; Karel Engliš Award 1995).

Source and photo credit: vlada.cz a cnb.cz.