Who is Antonio Cabrales, who resigned as director of the Bank of Spain at the time of his appointment?

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Antonio CabralesHe decided to step down as director of the Bank of Spain on Wednesday, hours after he was appointed by the Central Bank of Spain. Council of Ministersthis is a prestigious economist away from politics. recommended by PP In agreement with the First Vice-President and the Minister of Economy, Nadia Kalvinopopular adherence to a profile unaffiliated with the party, for the two transitions required to be made in the governing body of the issuing institution, with independent and professional prestige Forming part of the executive committee of the Bank of Spain.

Technically, he chose to distance himself from the event. political polemics after it was learned that his economist colleague and the Generalitat had signed a manifesto in favor of the ‘former Education Minister’, Clara PonsatiHe fled to Scotland after the 1-O referendum. His teaching period with him briefly coincided with him. Pompeu Fabra University (UPF), this economist, who was closely associated with CSIC in his career and was a professor at the universities of Georgetown (USA) and Saint Andrews (Scotland), from 1993 to 2006, when he was a professor from 2003 to 2004. Get to know him, the nexus between the two is his specialty in game theory. According to some sources consulted, “He is an economist of great prestige and the campaign against him is a bad sign of what appointments should look like in institutions where independent and professional profiles should prevail.”

Cabrales limited himself to signing the document supporting Ponsatí as a professional, which was welcomed and sent to the University of Saint Andrews in Scotland, where he was a professor. as did a total of 52 economistsSpain’s most prestigious, led by Salvador Barberà, Jordi Gali, Albert Marcet and the ‘former Minister of Economy’ Andreu Mas-Colell. In this case, connecting with Cabrales is the specialty of microeconomics.

This was precisely the support given to Mas-Colell, who has a long teaching career at Harvard, a member of the governments of Jordi Pujol and Artur Mas, and a professor at UPF since 1995, and has been prosecuted by the Court of Accounts for Government-appointed funding. Spreading the ‘procés’ abroad during his time at the head of the Catalan finance, another event Cabrales feared would become for him wear and tear.

And worse still, the same conservative digital media that covered the news about Ponsatí (“Target”) backed an economist manifesto on Tuesday, supposedly supporting Cabrales’ doctoral thesis, as the cabinet meeting that appointed him director of the Bank of Spain met. Pedro SanchezWhich caused some controversy after he took over the Presidency of the Government in 2018.

Fearing that all this would turn into a struggle and wear and tear for himself, even though he was not pro-independence and was content to sign in support of his colleagues. Madrid III. Professor at Carlos University He chose to stay out of sight. He was candid in his statements to the ABC newspaper on the same Tuesday: “I don’t want to strain the country any more and it seems to me that the situation is going to get tense. We need to calm down.”. In this way, he chose to avoid a wave of information aimed at harming him, as it is speculated that this may have happened to PP representatives who were dissatisfied with his choice as the hero.

Cabrales (Madrid, 1964), 2021 Jaume I Economics AwardShe holds a PhD in Economics from the University of California, San Diego, where Clara Ponsatí was visiting professor from 1993 to 1994. professor, from 2005 to 2006. She is currently a professor in the Department of Economics at Carles III. She also taught at University College London from 2013 to 2020 she.

Cabrales’ resignation stirs up trouble One of the few agreements between the government and the PP Renewing positions in government institutions. Now the two parties should in principle seek another candidate. The person recommended by the PSOE in this deal is Judit Arnal, a doctor of Economics from the University of Navarra and a Government trade technician, until just a few weeks ago Nadia Calviño was Chief of Staff in the Ministry of Economy. to the Council of Ministers on Tuesday.

For now, PP manifested quickly His understanding with Cabrales and mark the differences according to the socialists. “We respect Mr Cabrales’ decision and understand his desire to avoid any conflict. Faced with what has been done by the Government, where the vice president for economics recommended the former chief of staff, PP advocates the appointment of independent profiles and with a recognized track record that is consistent with what we advocate in our corporate quality plan”, informs Pilar Santos.

Another challenge will be the relay MoreAs IESE professor and once a representative of what was called Guillem López Casasnovas ‘Catalan quota’ At the Bank of Spain. Mas’s term expires on March 24, and from then on it remains to be seen whether this tradition continues and whether the Government and the ERC negotiate a candidate.

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