Name Jacob Frenkel
Doctoral advisor Robert Mundell
|Institutions JPMorgan Chase 2009–present
Group of Thirty
Merrill Lynch 2000–04
Bank of Israel 1991–2000
University of Chicago 1973–87|
Alma mater University of Chicago, M.A., Ph.D. Hebrew University of Jerusalem, B.A.
Education Hebrew University of Jerusalem, University of Chicago
Books Fiscal policies and growt, International taxation in an integr, From Centrally‑Planned to Market, Characteristics of a Successf, Obstacles to Transfor
Similar People Michael Mussa, Rudi Dornbusch, Harry Gordon Johnson, Assaf Razin, Guillermo Calvo
Residence United States of America
Inauguration of the Jacob A. Frenkel and Mortimer B. Zuckerman Institute for Global Economics
Jacob Aharon Frenkel (Hebrew: יעקב אהרן פרנקל; born in 1943) is an Israeli economist and the Chairman of JPMorgan Chase International. He served as Governor of the Bank of Israel between 1991 and 2000.
- Inauguration of the Jacob A Frenkel and Mortimer B Zuckerman Institute for Global Economics
- Cgeg mega trends in the world economic system jacob a frenkel
- Banking and financial career
- Awards and recognition
- Published works
Cgeg mega trends in the world economic system jacob a frenkel
Frenkel earned a B.A. in economics and political science at the Hebrew University of Jerusalem, and an M.A. and Ph.D. in economics at the University of Chicago. He earned his Ph.D. in 1970 with thesis titled Money, Wealth and the Balance of Payments in a Model of Accumulation.
Banking and financial career
Frenkel is currently the Chairman of JPMorgan Chase International, which executes the international strategy of the American financial services firm. He also serves as Chairman and CEO of the Group of Thirty (G-30), which is a private, nonprofit, consultative group on international economic and monetary affairs.
Frenkel served from 2004 to 2009 as Vice Chairman of American International Group (AIG) and from 2000 to 2004 as Chairman of Merrill Lynch International, as well as Chairman of Merrill Lynch’s Sovereign Advisory and Global Financial Institutions Groups. Between 1991 and 2000 he served two terms as the Governor of the Bank of Israel. He is credited with reducing inflation in Israel and achieving price stability, liberalizing Israel’s financial markets, removing foreign exchange controls, and integrating the Israeli economy into the global financial system. During 1995–1996, Frenkel served as Chairman of the Board of Governors of the Inter-American Development Bank and, during 1999–2000, as Vice Chairman of the Board of Governors of the European Bank for Reconstruction and Development.
Between 1987 and 1991, he was the Economic Counselor and Director of Research at the International Monetary Fund, and between 1973 and 1987 he was on the faculty of the University of Chicago where he held the position of the David Rockefeller Professor of International Economics and served as Editor of the Journal of Political Economy.
He is a fellow of the Econometric Society, a foreign honorary member of the American Academy of Arts and Sciences, a member of the Board of Directors of the National Bureau of Economic Research, a former member of the International Advisory Board of the Council on Foreign Relations, a member of the Trilateral Commission, a member of the board of the Council for the United States and Italy, a member of the Investment Advisory Council of the Prime Minister of Turkey, and a member of the International Advisory Council of the China Development Bank. He is also a member of the Board of Directors of the Peter G. Peterson Institute for International Economics.
In June 2013 he was nominated to be the Governor of the Bank of Israel for a second time. In July 2013, following official inquiries into an event that took place in Hong Kong Airport in November 2006, he withdrew his nomination. Frankel denied any wrongdoing but authorities in Hong Kong stated that he had been arrested at the airport for suspected theft of a suit bag from a duty-free shop.Frenkel did not disclose the incident to the Committee on Senior Appointments, which vetted his nomination for a new governor of the Bank of Israel.
Frenkel serves on the Leadership Council for Concordia, a nonpartisan, nonprofit based in New York City focused on promoting effective public-private collaboration to create a more prosperous and sustainable future.
Awards and recognition
Frenkel won the 2002 Israel Prize in Economics. He received the Tel-Aviv University Hugo Ramniceanu Prize for Economics, the Czech Karel Englis Prize in Economics, the “Order de Mayo al Merito” (in the rank of Gran Cruz) decoration from the Government of Argentina and the “Order of Merit” (in the rank of Cavaliere di Gran Croce) decoration from the Republic of Italy. He is also a recipient of several Honorary Doctoral degrees and other decorations and awards, including the “1993 Economic Policy Award” by “Emerging Markets” and the “1997 Central Banker of the Year Award” by “Euromoney”.