Guy Debelle is an Australian economist who is the former Deputy Governor of the Reserve Bank of Australia, having been appointed in 2016. [1]
In 2022, after 7 years as Deputy Governor and 25 years at the RBA Debelle unexpectedly resigned from his post at the Reserve Bank of Australia, pursuing a position at clean energy non-profit Fortescue Future Industries.
He is the Chief Financial Officer of Fortescue Future Industries, [2] a global green energy company committed to producing zero-carbon green hydrogen from 100 per cent renewable sources. FFI aims to decarbonise hard-to-abate sectors and is responsible for the decarbonisation of its parent company - Fortescue Metals Group - founded by Andrew Forrest.
Debelle also chairs the climate change working group at the Australian Council of Financial Regulators. [3]
Debelle attended St Peter's College in Adelaide, South Australia and was the Dux of the school in 1983, his graduating year. Debelle graduated from the University of Adelaide with a Bachelor of Economics (hons) in 1987. [4] He completed a PhD in economics at Massachusetts Institute of Technology supervised by Stanley Fischer. [5] Debelle is also a Queen's Scout, awarded in 1983.
A central bank, reserve bank, national bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base. Many central banks also have supervisory or regulatory powers to ensure the stability of commercial banks in their jurisdiction, to prevent bank runs, and in some cases also to enforce policies on financial consumer protection and against bank fraud, money laundering, or terrorism financing.
The Federal Reserve System is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System.
In macroeconomics, money supply refers to the total volume of money held by the public at a particular point in time. There are several ways to define "money", but standard measures usually include currency in circulation and demand deposits. Money supply data is recorded and published, usually by the national statistical agency or the central bank of the country. Empirical money supply measures are usually named M1, M2, M3, etc., according to how wide a definition of money they embrace. The precise definitions vary from country to country, in part depending on national financial institutional traditions.
Monetary policy is the policy adopted by the monetary authority of a nation to affect monetary and other financial conditions to accomplish broader objectives like high employment and price stability. Further purposes of a monetary policy may be to contribute to economic stability or to maintain predictable exchange rates with other currencies. Today most central banks in developed countries conduct their monetary policy within an inflation targeting framework, whereas the monetary policies of most developing countries' central banks target some kind of a fixed exchange rate system. A third monetary policy strategy, targeting the money supply, was widely followed during the 1980s, but has diminished in popularity since that, though it is still the official strategy in a number of emerging economies.
The Reserve Bank of Australia (RBA) is Australia's central bank and banknote issuing authority. It has had this role since 14 January 1960, when the Reserve Bank Act 1959 removed the central banking functions from the Commonwealth Bank.
Ian John Macfarlane is an Australian economist, and central banker. After an early career as an economist in Melbourne, Sydney, Oxford and Paris, he joined the Reserve Bank of Australia in 1979 and rose to become Governor from 1996 to 2006. After retiring from the Reserve Bank, he became a company director, economic consultant and author of two books.
The Bank of Israel is the central bank of Israel. The bank's headquarters is located in Kiryat HaMemshala in Jerusalem with a branch office in Tel Aviv. The current governor is Amir Yaron.
The Bank of Korea is the central bank of the Republic of Korea and issuer of South Korean won. It was established on 12 June 1950 in Seoul, South Korea.
The Bank of Canada is a Crown corporation and Canada's central bank. Chartered in 1934 under the Bank of Canada Act, it is responsible for formulating Canada's monetary policy, and for the promotion of a safe and sound financial system within Canada. The Bank of Canada is the sole issuing authority of Canadian banknotes, provides banking services and money management for the government, and loans money to Canadian financial institutions. The contract to produce the banknotes has been held by the Canadian Bank Note Company since 1935.
The Reserve Bank of Zimbabwe is the central bank of Zimbabwe and is headquartered in Harare.
Glenn Robert Stevens is an Australian economist who was the Governor of the Reserve Bank of Australia from 2006 to 2016.
Fortescue is a global metal mining and green energy company headquartered in Australia. Fortescue focused on iron ore mining under the name of Fortescue Metals Group (FMG) until July 2023. As of 2017, Fortescue is the fourth-largest iron ore producer in the world. The company has holdings of more than 87,000 km2 in the Pilbara region of Western Australia, making it the largest tenement holder in the state, larger than both BHP and Rio Tinto.
The Australian property bubble is the economic theory that the Australian property market has become or is becoming significantly overpriced and due for a significant downturn. Since the early 2010s, various commentators, including one Treasury official, have claimed the Australian property market is in a significant bubble.
Philip Lowe is an Australian economist and former Governor of the Reserve Bank of Australia, from September 2016 to September 2023. He was also deputy governor under Glenn Stevens from February 2012 to September 2016.
The Monetary Policy Committee is responsible for fixing the benchmark interest rate in India. The meetings of the Monetary Policy Committee are held at least four times a year and it publishes its decisions after each such meeting.
Michael G. Porter is an Australian academic economist who taught at the Australian National University (Canberra) and Monash University (Melbourne). In 1979, he set up a think-tank at Monash University, the Centre of Policy Studies (CoPS) supporting freer markets in commodities, finance and foreign exchange along with researching and advocating significant market-improving regulatory reforms. As part of this process CoPS employed leading US and other international economists and industry specialists. He was also the founding director of Tasman Institute from 1990-98.
Carolyn A. Wilkins is a Canadian economist. She served as Senior Deputy Governor of the Bank of Canada. from May 2, 2014 to December 9, 2020. Wilkins was the first woman to hold the position of Senior Deputy Governor, the highest position ever held by a woman at the Bank of Canada.
Michael Debabrata Patra is an Indian economist and central banker. A career Reserve Bank of India officer, he is currently serving as one its four deputy governors.
P. Nandalal Weerasinghe is a Sri Lankan economist and banker who is also currently serving as the 17th Governor of the Central Bank of Sri Lanka. A career officer in the Central Bank of Sri Lanka, serving as its chief economist and senior deputy governor. He has also served as an alternative executive director at the International Monetary Fund in Washington DC representing the countries such as Sri Lanka, Bhutan, India and Bangladesh from January 2010 to August 2012. He has also previously acted as a chairman of the monetary policy committee and foreign reserve management committee of the Central Bank of Sri Lanka.
Michele Bullock is an Australian economist who is currently governor of the Reserve Bank of Australia (RBA). She commenced as governor on 18 September 2023, and is the first woman to hold the role.