Klaas Henderikus Willem Knot (born 14 April 1967) is a Dutch economist and central banker who is the current president of the Dutch central bank De Nederlandsche Bank (DNB).[1] In this capacity he serves as a member of the Governing Council of the European Central Bank (ECB), as well as of the board of governors of the International Monetary Fund (IMF). Knot also holds a position as Professor in Monetary Stability at the University of Amsterdam[2] and honorary professor at the University of Groningen.[3]
Klaas Knot | |
|---|---|
 Speaking at the 2022 World Economic Forum | |
| Chair of the Financial Stability Board | |
| Assumed office 2 December 2021 | |
| Preceded by | Randal Quarles |
| President of De Nederlandsche Bank | |
| Assumed office 1 July 2011 | |
| Preceded by | Nout Wellink |
| Personal details | |
| Born | Klaas Henderikus Willem Knot 14 April 1967 Bedum, Netherlands |
| Education | University of Groningen |
Early life and education
editKnot was born in the town of Bedum near Groningen. After completing his secondary education (vwo) at the Andreas College in Drachten, he studied economics at the University of Groningen. In 1995 he was awarded a doctorate from the same institution, with his doctoral thesis concerning the differences in budget deficits and interest rates on government bonds between Members States of the European Union.[4][5]
Career
editAfter obtaining his doctorate Knot began working as a Senior Economist at De Nederlandsche Bank in the Department of Monetary and Economic Policy. In 1998 he left this post to become an economist in the European Department of the International Monetary Fund in Washington D.C. A year later, he returned to De Nederlandsche Bank, as the head of Banking and Supervisory Strategies Department. After serving in this capacity for three years, in December 2002 he left De Nederlandsche Bank again to become the director of the Dutch Pensions and Insurance Authority, charged with supervision of all Dutch pension funds and insurance companies. In 2004 the Pensions and Insurance Authority was merged with De Nederlandsche Bank, and Knot was appointed as director of the Supervisory Policy Division at De Nederlandsche Bank. In 2009 he left De Nederlandsche Bank once more to become Director of Financial Markets, and Deputy Treasurer General of the Dutch Ministry of Finance.[6][non-primary source needed] Knot was the vice chairman of the Financial Stability Board from 2018 to 2021 when he replaced Randal Quarles as chairman.[7]
Other activities
editInternational organizations
edit- European Central Bank (ECB), ex-officio member of the governing council[8]
- European Systemic Risk Board (ESRB), ex-officio member[9]
- Bank for International Settlements (BIS), ex-officio member of the board of directors[10]
- International Monetary Fund (IMF), ex-officio member of the board of governors[11]
Non-profit organizations
edit- Osservatorio Permanente Giovani-Editori, member of the international advisory board[12]
- Trilateral Commission, member of the European Group[13]
- Teylers Museum, member of the supervisory board
Personal life
editKnot is married and has two children. He currently lives in Amsterdam, which is where De Nederlandsche Bank is headquartered.[citation needed]
References
edit- ^ "Klaas Knot wordt nieuwe president van DNB". NU.nl (in Dutch). 20 May 2011. Archived from the original on 22 May 2011.
- ^ Wolthekker, Dirk (5 January 2015). "President De Nederlandsche Bank benoemd tot hoogleraar". Folia.nl (in Dutch). Archived from the original on 8 June 2015.
- ^ "Prof. Dr. K.H.W. (Klaas) Knot". Rijksuniversiteit Groningen. Archived from the original on 8 November 2021.
- ^ Knot, Klaas (1995). Fiscal policy and interest rates in the European Community. Capelle a/d IJssel: Labyrint. ISBN 9789072591272.
- ^ Knot, Klaas; de Haan, Jakob (March 1995). "Fiscal policy and interest rates in the European community". European Journal of Political Economy. 11 (1): 171–187. doi:10.1016/0176-2680(94)00012-9.
- ^ "Klaas Knot". LinkedIn. Archived from the original on 8 November 2021.
- ^ "Appointment of new FSB Chair and Vice Chair". www.fsb.org. 26 November 2018. Retrieved 8 November 2021.
- ^ Governing Council European Central Bank (ECB).
- ^ Members European Systemic Risk Board (ESRB).
- ^ Board of Directors Bank for International Settlements (BIS).
- ^ Board of Governors International Monetary Fund (IMF).
- ^ International Advisory Board Osservatorio Permanente Giovani-Editori.
- ^ Membership Archived 1 February 2019 at the Wayback Machine Trilateral Commission.