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Former German President Kohler Joins Dallas Fed's Globalization Institute Advisory Board

For immediate release: May 24, 2011

DALLAS—Former German president Horst Kohler has joined the advisory board for the Globalization and Monetary Policy Institute at the Federal Reserve Bank of Dallas.

Kohler served as president of the Federal Republic of Germany from 2004 to 2010. An economist by profession, he served as president of the European Bank for Reconstruction and Development from 1998 to 2000 and was head of the International Monetary Fund from 2000 to 2004.

As Germany’s president, Kohler advocated the nation’s expanded participation in the global economy.

"Horst Kohler is widely admired and respected,” said Dallas Fed president and CEO Richard W. Fisher. “His acute sense of the changes impacting the global economy will be of enormous benefit to the Federal Reserve Bank of Dallas and the work of our Institute. This is a big feather in our cap. We are greatly honored he will be joining our advisory board.”

The Dallas Fed’s Globalization and Monetary Policy Institute was created to shed better light on the impact of globalization on monetary policy and the U.S. economy.

“Horst Kohler brings a lifetime of experience and knowledge in international finance and monetary issues to the Institute,” said John Taylor, chairman of the advisory board and Mary and Robert Raymond Professor of Economics at Stanford University. “His experience is particularly valuable at this crucial time as the international community deals with continuing financial difficulties in Europe and the need for improved global cooperation in trade and finance.”

Other members of the advisory board include Charles R. Bean, chief economist and executive director, Bank of England; Martin Feldstein, George F. Baker Professor of Economics, Harvard University; Glenn R. Hubbard, dean, Columbia Business School; Otmar Issing, president, Center for Financial Studies; Nobel Laureate Finn Kydland, Jeff Henley Professor of Economics, University of California, Santa Barbara; Kenneth S. Rogoff, Thomas D. Cabot Professor of Public Policy, Harvard University; William White, former economic advisor, Bank for International Settlements; Heng Swee Keat, Minister for Education, Monetary Authority of Singapore; Masaaki Shirakawa, Governor, Bank of Japan; and Guillermo Ortiz, former Governor, Bank of Mexico.


Media contact:
James Hoard
Federal Reserve Bank of Dallas
Phone: 214-922-5307