Már Guðmundsson was appointed to his current position as Governor of the Central bank of Iceland in August 2009 for a term of five years.
From 2004 up to his appointment as Governor, he served as Deputy Head of the Monetary and Economic Department (MED) at the Bank for International Settlements. He supported the Head of MED in setting strategic direction for the Department, contributed to MED’s analytical output and coordinated the work of the main functional units of MED. He alternated with the Head in preparing and chairing meetings of central bankers in Basel and around the world. He was also a member of the Editorial Committees of the BIS Annual Report and BIS Quarterly Review.
Prior to that, Mr. Gudmundsson was the Chief Economist and Director of the Economics Department at the Central Bank of Iceland from 1994-2004. He became an economist in that department in 1980, where he later held the position of Head of Research and Manager. From 1988 to 1991 he was economic adviser to the Minister of Finance in Iceland.
Mr Gudmundsson has a BA-honours degree in economics from the University of Essex and a M Phil degree in economics from Cambridge University, England. His main research interests are in the fields of inflation, exchange rates, monetary policy, financial stability, pensions and energy. He has published several articles in books and economic journals and has been on the editorial boards of economic journals, both in Iceland and in the UK.
Mr Gudmundsson has been a member of various governmental committees in Iceland, among others on central bank legislation; pension reform; and energy. He was the Chairman of the board of one of the biggest pension funds in Iceland from 1989-1992 and a board member of a ferro-silicon company during 2000-2003. During 1998-1999 he served as an IMF adviser to the Central Bank of Trinidad and Tobago.
Born in Iceland in 1954, Mr Gudmundsson is married and has three children.
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