A Quote by Elvira Nabiullina

My view was that government officials could not sit on the board of the central bank, and I am very happy that has been upheld.

Elvira Nabiullina

Quote Topics

Am Bank Been Board Central Central Bank Could Government Government Officials Happy Officials Sit Very Very Happy View

Quote Author

Elvira Nabiullina
Russian - Economist
Born: October 29, 1963

The lesson for Asia is; if you have a central bank, have a floating exchange rate; if you want to have a fixed exchange rate, abolish your central bank and adopt a currency board instead. Either extreme; a fixed exchange rate through a currency board, but no central bank, or a central bank plus truly floating exchange rates; either of those is a tenable arrangement. But a pegged exchange rate with a central bank is a recipe for trouble.

Milton Friedman

When you own gold you're fighting every central bank in the world. That's because gold is a currency that competes with government currencies and has a powerful influence on interest rates and the price of government bonds. And that's why central banks long have tried to suppress the price of gold. Gold is the ticket out of the central banking system, the escape from coercive central bank and government power.

James Rickards

A government cannot be expected to allow independence to its central bank unless that bank is also accountable to it and to the wider public. That is, the central bank must be able to be judged on whether or not it has achieved its agreed objective.

Ian Macfarlane

The principle that a central bank, charged with controlling inflation, should be independent from the government is unassailable. It may also be true that it's easier for the central bank to guard its independence from political pressure when it mainly holds government securities.

Janet Yellen

Let's not forget, it was the government, Department of Finance and Central Bank that decided to unfairly land the taxpayers of this country with unmitigated losses of Anglo and massive legacy issues that would have been expected when nationalising a fraudulent bank.

Sean Quinn

I have always thought and I still think that the Central Bank should act independently. Indeed, it does, you can take my word. I do not interfere in the decisions of the Central Bank and I do not give instructions to the Bank management or to its head.

Vladimir Putin

I've never been on a board, but I just went on the board for Jazz at Lincoln Center. I'm very happy about that.

Larry Gagosian

In a mature economy like India's, which is becoming modern and a financially-oriented economy, an independent central bank, responsible central bank, is really central to success.

Ben Bernanke

You're asking if I'm happy? I've got 87 million in the bank, I've got a Rolls Royce, I've got 3 stalkers, I'm about to go on the board at Manchester City, I'm part of the greatest band in the world. Am I happy with that? No, I'm not! I want more!

Noel Gallagher

If the law is upheld only by government officials, then all law is at an end.

Herbert Hoover

My monetary studies have led me to the conclusion that central banks could profitably be replaced by computers geared to provide a steady rate of growth in the quantity of money. Fortunately for me personally, and for a select group of fellow economists, that conclusion has had no practical impact… else there would have been no Central Bank of Sweden to have established the award [Nobel Prize] I am honoured to receive.

Milton Friedman

The government of Sudan, employing a back channel direct from its president to the Central Intelligence Agency, offered in the early spring of 1996 to arrest Osama bin Laden and place him in Saudi custody, according to officials and former officials in all three countries.

Barton Gellman

The best way that a central bank can support growth on a durable basis is to ensure inflation is low, stable - there is financial stability - and that is the role that the central bank plays.

Urjit Patel

So: if the chronic inflation undergone by Americans, and in almost every other country, is caused by the continuing creation of new money, and if in each country its governmental "Central Bank" (in the United States, the Federal Reserve) is the sole monopoly source and creator of all money, who then is responsible for the blight of inflation? Who except the very institution that is solely empowered to create money, that is, the Fed (and the Bank of England, and the Bank of Italy, and other central banks) itself?

Murray Rothbard

I don't think I've been too optimistic. The government believes the contraction will be around 1.5 per cent, as the central bank said. However, we're waiting to see the Commission estimate.