Boris Vujčić (; born 2 June 1964) is a Croatian economist, university professor, and the Governor of the
Croatian National Bank, a position he has held since 2012.
Early life
Vujčić graduated from the
Zagreb Faculty of Economics in 1988, where he also received his doctorate in 1996.
Career
Vujčić started his professional career in 1989 as an assistant at the Zagreb Faculty of Economics. In 1996 he was named the head of research department of the
Croatian National Bank. Later, in 1997, he became a lecturer at the Zagreb Faculty of Economics and in 2003 an associate professor.
Since 2000, Vujčić has held the position of Vice Governor of the
Croatian National Bank, and in 2012 he assumed the position of the governor. He held that position upon Croatia's
accession to the European Union. In 2018 the coalition government of
prime minister
A prime minister or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. A prime minister is not the head of state, but r ...
Andrej Plenković
Andrej Plenković ( ; born 8 April 1970) is a Croatian politician serving as the Prime Minister of Croatia, prime minister of Croatia since October 2016. He was previously one of eleven List of members of the European Parliament for Croatia, 201 ...
agreed to re-appoint Vujčić for a second six-year term.
[Maja Zuvela (11 July 2018)]
Croatia's ruling coalition to re-appoint Vujcic as c.bank governor
''Reuters
Reuters ( ) is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world.
The agency ...
''.
Other activities
*
European Central Bank
The European Central Bank (ECB) is the central component of the 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 ...
(ECB), ''
ex-officio member'' of the Governing Council
*
European Systemic Risk Board (ESRB), ''
ex-officio member''
* Vienna Initiative 2.0, member of the Steering Committee
*
International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of las ...
(IMF), ''
ex-officio member'' of the Board of Governors
Policy positions
During Vujčić's time in office, the Central Bank's monetary policy has largely revolved around keeping the
Croatian kuna stable against the euro in a managed float regime.
Early in his term, he stated that it remained in Croatia's best interests to join the euro. However, he refused an international bailout scenario as the country faced the post-
2008 financial crisis
The 2008 financial crisis, also known as the global financial crisis (GFC), was a major worldwide financial crisis centered in the United States. The causes of the 2008 crisis included excessive speculation on housing values by both homeowners ...
.
Controversy
In 2014, Vujčić faced calls for his resignation from holders of loans denominated in Swiss francs who struggled with repayments when the kuna surged that year.
In 2017, Croatia's State Commission for Conflict of Interest investigated whether Vujčić allowed a conflict of interest by several times attending an economic conference in
Kitzbühel sponsored by
UniCredit, the owner of the country's biggest commercial bank
Zagrebačka banka.
[Igor Ilic (3 February 2017)]
Croatia checking whether central bank governor has conflict of interest
''Reuters
Reuters ( ) is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world.
The agency ...
''.
References
External links
Biographyat the
Croatian National Bank website
{{DEFAULTSORT:Vujcic, Boris
1964 births
Living people
Academic staff of the University of Zagreb
20th-century Croatian economists
Monetary economists
Governors of the Croatian National Bank
Faculty of Economics and Business, University of Zagreb alumni
21st-century Croatian economists