Klaas Henderikus Willem Knot (born 14 April 1967, in Bedum, Netherlands) is a Dutch

economist An economist is a professional and practitioner in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this field there are ...

and central banker, who is the current President of the Dutch

central bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central b ...

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 The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster glo ...

. Knot also holds a position as Professor in Monetary Stability at the

University of Amsterdam The University of Amsterdam (abbreviated as UvA, nl, Universiteit van Amsterdam) is a public research university located in Amsterdam, Netherlands. The UvA is one of two large, publicly funded research universities in the city, the other being ...

and honorary professor at the

University of Groningen The University of Groningen (abbreviated as UG; nl, Rijksuniversiteit Groningen, abbreviated as RUG) is a public research university of more than 30,000 students in the city of Groningen in the Netherlands. Founded in 1614, the university is th ...

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 Economics () is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes ...

at the

. In 1995 he was awarded a

doctorate A doctorate (from Latin ''docere'', "to teach"), doctor's degree (from Latin ''doctor'', "teacher"), or doctoral degree is an academic degree awarded by universities and some other educational institutions, derived from the ancient formalism ''li ...

from the same institution, with his

doctoral thesis A thesis ( : theses), or dissertation (abbreviated diss.), is a document submitted in support of candidature for an academic degree or professional qualification presenting the author's research and findings.International Standard ISO 7144: ...

concerning the differences in budget deficits and interest rates on government bonds between Members States of the

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 de ...

Career

After 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

Washington D.C. ) , image_skyline = , image_caption = Clockwise from top left: the Washington Monument and Lincoln Memorial on the National Mall, United States Capitol, Logan Circle, Jefferson Memorial, White House, Adams Morgan, Na ...

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 A pension fund, also known as a superannuation fund in some countries, is any plan, fund, or scheme which provides retirement income. Pension funds typically have large amounts of money to invest and are the major investors in listed and priva ...

and

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 ...

. 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 A ministry of finance is a part of the government in most countries that is responsible for matters related to the finance. Lists of current ministries of finance Named "Ministry" * Ministry of Finance (Afghanistan) * Ministry of Finance and Ec ...

. Knot was the Vice Chairman of the

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 ...

from 2018 to 2021 when he replaced

Randal Quarles Randal Keith Quarles (born September 5, 1957) is an American private equity investor and attorney who served as the first Vice Chair of the Federal Reserve for supervision from 2017 to 2021. He concurrently served as the chair of the Financial St ...

as Chairman.

Other activities

International organizations

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 most important centr ...

(ECB), Ex-Officio Member of the Governing Council *

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 contrib ...

(ESRB), Ex-Officio Member *

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 thr ...

(BIS), Ex-Officio Member of the Board of Directors *

(IMF), Ex-Officio Member of the Board of Governors

Non-profit organizations

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 ...

, Member of the European GroupMembership

. *

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 R ...

, Member of the Supervisory Board

Personal life

Knot is married and has two children. He currently lives in

Amsterdam Amsterdam ( , , , lit. ''The Dam on the River Amstel'') is the capital and 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 urban ar ...

, which is where De Nederlandsche Bank is headquartered.

References

, - {{DEFAULTSORT:Knot, Klaas 1967 births 21st-century Dutch economists Dutch civil servants Living people People from Bedum Presidents of the Central Bank of the Netherlands