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Professor Patrick Honohan appointed Governor of the Central Bank

Professor of International Financial Economics and Development, Patrick Honohan, has been appointed the next Governor of the Central Bank by the Minister for Finance, Mr. Brian Lenihan T.D. Professor Honohan will be the first academic to hold this post when he takes on the position later this month.

Patrick Honohan is Professor of International Financial Economics and Development in the Department of Economics. Previously he was a Senior Advisor in the World Bank working on issues of financial policy reform. During the 1980s he was Economic Advisor to the Taoiseach and spent several years at the Economic and Social Research Institute, Dublin, and at the Central Bank of Ireland. A graduate of UCD and of the London School of Economics, from which he received his PhD in 1978, Professor Honohan has published widely on issues ranging from exchange rate regimes and purchasing-power parity, to migration, cost-benefit analysis and statistical methodology.

Announcing the Government's selection of Professor Honohan for the position of Governor, the Minister for Finance stated: "Professor Patrick Honohan is highly regarded internationally as an expert on banking and financial systems. His experience in the various positions he has held during his career, including the Central Bank, the World Bank and the academic world will be of enormous value to him in working through the difficulties which the Irish Financial System faces".

"Throughout this financial crisis I have sought the views of Professor Honohan and he has consistently provided valuable advice. I look forward to working with him in his new role," Minister Lenihan concluded.

Professor Patrick Honohan's full Curriculum Vitae may be viewed on his personal webpage.

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