South Korea’s president has nominated Shin Hyun-song as the nation’s next central bank governor, turning to an experienced economist best known for his early warnings about excessive leverage ahead of the 2008 crisis.
Shin, 66, is one of South Korea’s most internationally recognised economists after spending the past 12 years as the top economic adviser at the Bank for International Settlements, which acts as a forum for the world’s central banks.
His career also includes professorships at Princeton and the London School of Economics, as well as a stint as international economic adviser to former Korean president Lee Myung-bak.
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