Klaas Knot
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Klaas Knot
Klaas Henderikus Willem Knot (born 14 April 1967, in Bedum, Netherlands) is a Dutch economist and central banker, who is the current President of the Dutch central bank De Nederlandsche Bank (DNB). In this capacity he also serves as a member of the Governing Council of the European Central Bank, and of the Board of Governors of the International Monetary Fund. Knot also holds a position as Professor in Monetary Stability at the University of Amsterdam and honorary professor at the University of Groningen. Early life and education Knot 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. Career After obtaining his doctorate Knot bega ...
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Financial Stability Board
The Financial Stability Board (FSB) is an international body that monitors and makes recommendations about the global financial system. It was established after the G20 London summit in April 2009 as a successor to the Financial Stability Forum (FSF). The Board includes all G20 major economies, FSF members, and the European Commission. Hosted and funded by the Bank for International Settlements, the board is based in Basel, Switzerland, and is established as a not-for-profit association under Swiss law. The FSB represented the G20 leaders' first major international institutional innovation. U.S. Treasury Secretary Tim Geithner has described it as "in effect, a fourth pillar" of the architecture of global economic governance. The FSB has been assigned a number of important tasks, working alongside the International Monetary Fund, World Bank, and the World Trade Organization. Unlike most multilateral financial institutions, the FSB lacks a legal form and any formal power, given ...
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European Union
The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been described as a '' sui generis'' political entity (without precedent or comparison) combining the characteristics of both a federation and a confederation. Containing 5.8per cent of the world population in 2020, the EU generated a nominal gross domestic product (GDP) of around trillion in 2021, constituting approximately 18per cent of global nominal GDP. Additionally, all EU states but Bulgaria have a very high Human Development Index according to the United Nations Development Programme. Its cornerstone, the Customs Union, paved the way to establishing an internal single market based on standardised legal framework and legislation that applies in all member states in those matters, and only those matters, where the states have agreed to act ...
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1967 Births
Events January * January 1 – Canada begins a year-long celebration of the 100th anniversary of Confederation, featuring the Expo 67 World's Fair. * January 5 ** Spain and Romania sign an agreement in Paris, establishing full consular and commercial relations (not diplomatic ones). ** Charlie Chaplin launches his last film, ''A Countess from Hong Kong'', in the UK. * January 6 – Vietnam War: United States Marine Corps, USMC and Army of the Republic of Vietnam, ARVN troops launch ''Operation Deckhouse Five'' in the Mekong Delta. * January 8 – Vietnam War: Operation Cedar Falls starts. * January 13 – A military coup occurs in Togo under the leadership of Étienne Eyadema. * January 14 – The Human Be-In takes place in Golden Gate Park, San Francisco; the event sets the stage for the Summer of Love. * January 15 ** Louis Leakey announces the discovery of pre-human fossils in Kenya; he names the species ''Proconsul nyanzae, Kenyapithecus africanus''. ** American footbal ...
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Amsterdam
Amsterdam ( , , , lit. ''The Dam on the River Amstel'') is the Capital of the Netherlands, capital and Municipalities of the Netherlands, most populous city of the Netherlands, with The Hague being the seat of government. It has a population of 907,976 within the city proper, 1,558,755 in the City Region of Amsterdam, urban area and 2,480,394 in the Amsterdam metropolitan area, metropolitan area. Located in the Provinces of the Netherlands, Dutch province of North Holland, Amsterdam is colloquially referred to as the "Venice of the North", for its large number of canals, now designated a World Heritage Site, UNESCO World Heritage Site. Amsterdam was founded at the mouth of the Amstel River that was dammed to control flooding; the city's name derives from the Amstel dam. Originally a small fishing village in the late 12th century, Amsterdam became a major world port during the Dutch Golden Age of the 17th century, when the Netherlands was an economic powerhouse. Amsterdam is th ...
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Teylers Museum
Teylers Museum () is an art, natural history, and science museum in Haarlem, Netherlands. Established in 1778, Teylers Museum was founded as a centre for contemporary art and science. The historic centre of the museum is the neoclassical Oval Room (1784), which was built behind the house of Pieter Teyler van der Hulst (1702–1778), the so-called ''Fundatiehuis'' (Foundation House). Pieter Teyler was a wealthy cloth merchant and banker of Scottish descent, who bequeathed his fortune for the advancement of religion, art, and science. He was a Mennonite and follower of the Scottish Enlightenment. History In his will, Pieter Teyler stipulated that his collection and part of his fortune should be used to establish a foundation for their promotion: Teylers Stichting. The Teyler legacy to the city of Haarlem was split into two societies: Teylers First or Theological Society (Dutch: ''Teylers Eerste of Godgeleerd Genootschap''), intended for the study of religion and Teylers Second ...
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Trilateral Commission
The Trilateral Commission is a nongovernmental international organization aimed at fostering closer cooperation between Japan, Western Europe and North America. It was founded in July 1973 principally by American banker and philanthropist David Rockefeller, an internationalist who sought to address the challenges posed by the growing economic and political interdependence between the U.S. and its allies in North America, Western Europe, and Japan. The Trilateral Commission is headed by an executive committee and three regional chairs representing Europe, North America, and the Asia-Pacific region, with headquarters in Paris, Washington, D.C., and Tokyo, respectively. Meetings are held annually at locations that rotate among the three regions; regional and national meetings are held throughout the year. Most gatherings focus on discussing reports and debating strategy to meet the commission's aims. Membership in the Trilateral Commission is highly selective and by invitation only ...
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Bank For International Settlements
The Bank for International Settlements (BIS) is an international financial institution owned by central banks that "fosters international monetary and financial cooperation and serves as a bank for central banks". The BIS carries out its work through its meetings, programmes and through the Basel Process – hosting international groups pursuing global financial stability and facilitating their interaction. It also provides banking services, but only to central banks and other international organizations. It is based in Basel, Switzerland, with representative offices in Hong Kong and Mexico City. History The BIS was established in 1930 by an intergovernmental agreement between Germany, Belgium, France, the United Kingdom, Italy, Japan, the United States, and Switzerland. It opened its doors in Basel, Switzerland, on 17 May 1930. The BIS was originally intended to facilitate reparations imposed on Germany by the Treaty of Versailles after World War I, and to act as the truste ...
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European Systemic Risk Board
The European Systemic Risk Board (''') is a group established on 16 December 2010 in response to the ongoing financial crisis. It is tasked with the macro-prudential oversight of the financial system within the European Union in order to contribute to the prevention or mitigation of systemic risks to financial stability in the EU. It shall contribute to the smooth functioning of the internal market and thereby ensure a sustainable contribution of the financial sector to economic growth. The ESRB is a macro-prudential oversight body of the EU and it is part of the European System of Financial Supervision (ESFS), the purpose of which is to ensure the supervision of the EU's financial system. As a body lacking juridical personality, the ESRB relies on hosting and support by the European Central Bank. It includes representatives from the ECB, national central banks and supervisory authorities of EU member states, and the European Commission. Overview The operation of the board has ...
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European Central Bank
The European Central Bank (ECB) is the prime component of the monetary Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's Big Four (banking)#International use, most important central banks. The Governing Council of the European Central Bank, ECB Governing Council makes the projects for the monetary policy for the European Union with suggestions and recommendations and to the Eurozone with more direct applications of such policies, it also administers the foreign exchange reserves of EU member states in the Eurozone, engages in foreign exchange operations, and defines the intermediate monetary aims and objectives, and also the common interest rates for the EU. The Executive Board of the European Central Bank, ECB Executive Board makes policies and decisions of the Governing Council, and may give direction to the national central banks, especially when doing so for the Eurozone central ...
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LinkedIn
LinkedIn () is an American business and employment-oriented online service that operates via websites and mobile apps. Launched on May 5, 2003, the platform is primarily used for professional networking and career development, and allows job seekers to post their CVs and employers to post jobs. From 2015 most of the company's revenue came from selling access to information about its members to recruiters and sales professionals. Since December 2016, it has been a wholly owned subsidiary of Microsoft. LinkedIn has 830+ million registered members from over 200 countries and territories. LinkedIn allows members (both workers and employers) to create profiles and connect with each other in an online social network which may represent real-world professional relationships. Members can invite anyone (whether an existing member or not) to become a connection. LinkedIn can also be used to organize offline events, join groups, write articles, publish job postings, post photos and vide ...
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Ministry Of Finance (Netherlands)
, type = Department , logo = Logo-ministerie-van-financien.png , logo_width = 250x250px , logo_caption = Logo of the Ministry of Finance , image = Ministerie van Financiën wintertuin1.jpg , image_size = 250x250px , image_caption = Building of the Ministry of Finance , formed = , jurisdiction = Kingdom of the Netherlands , headquarters = Korte Voorhout 7, The Hague, Netherlands , employees = 1,500 , budget = €11,7 billion (2013) , minister1_name = Sigrid Kaag , minister1_pfo = Minister of Finance , minister2_name = , minister2_pfo = , deputyminister1_name = Marnix van Rij Aukje de Vries , deputyminister1_pfo = State Secretaries for Finance , chief1_name = Manon Leijten , chief1_position = Secretary-General , deputy = , website Ministry of Finance The Ministry of Finance ( nl, Ministerie van Financiën; FIN) is the Dutch Ministry responsible for econ ...
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Insurance Companies
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by o ...
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