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Josef Tošovský () (born 28 September 1950) is a Czech economist and former governor of
Czech National Bank The Czech National Bank, (, ČNB) is the central bank and financial market supervisor in the Czech Republic, headquartered in Prague. It is a member of the European System of Central Banks. It was established on from the division of the State ...
(from 1993 to 2000). From 17 December 1997 to 22 July 1998 he was the
prime minister of the Czech Republic The prime minister of the Czech Republic ( Czech: ''Předseda vlády České republiky'') is the head of the government of the Czech Republic and the '' de facto'' leader and most powerful member of the executive branch. The Constitution provid ...
in a
caretaker government A caretaker government, also known as a caretaker regime, is a temporary ''ad hoc'' government that performs some governmental duties and functions in a country until a regular government is elected or formed. Depending on specific practice, it co ...
.


Career

Tošovský studied international trade at the
University of Economics, Prague The Prague University of Economics and Business (PUEB) (originally: ''the University of Economics, Prague''; '', VŠE'') is an economics and business-oriented public university located in Prague, Czech Republic. It is the largest university in ...
from 1968 to 1973. After graduating, he was employed by the State Bank of Czechoslovakia, where he held a number of posts, including adviser to the chairman. He also worked in
London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...
during the 1980s at the branch office of Zivnostenska Banka. In 1989, he was appointed Governor of the State Bank. Following the split of the
Czech and Slovak Federal Republic After the Velvet Revolution in late-1989, Czechoslovakia adopted the official short-lived country name Czech and Slovak Federative Republic (, ; ''ČSFR'') during the period from 23 April 1990 until 31 December 1992, after which the country was ...
and the establishment of the
Czech National Bank The Czech National Bank, (, ČNB) is the central bank and financial market supervisor in the Czech Republic, headquartered in Prague. It is a member of the European System of Central Banks. It was established on from the division of the State ...
, he was appointed Governor of the Czech National Bank on 20 January 1993. As Governor, Tošovský participated in drawing up the blueprint for economic reform and in implementing it in the monetary and banking areas. He took a leading part in drafting the legislative and institutional framework for the operation of the central bank in the market system, and oversaw the splitting of the Czechoslovak currency and central bank as part of the break-up of the state. In response to the political crisis in the
Czech Republic The Czech Republic, also known as Czechia, and historically known as Bohemia, is a landlocked country in Central Europe. The country is bordered by Austria to the south, Germany to the west, Poland to the northeast, and Slovakia to the south ...
at the end of 1997, President
Václav Havel Václav Havel (; 5 October 193618 December 2011) was a Czech statesman, author, poet, playwright, and dissident. Havel served as the last List of presidents of Czechoslovakia, president of Czechoslovakia from 1989 until 1992, prior to the dissol ...
appointed Tošovský Prime Minister of the Czech Government. On 22 July 1998, Tošovský was reappointed as the CNB Governor. Tošovský stepped down as the Governor of the CNB at the end of November 2000. Since 1 December 2000 he has been Chairman of the Financial Stability Institute at the
Bank for International Settlements The Bank for International Settlements (BIS) is an international financial institution which is owned by member central banks. Its primary goal is to foster international monetary and financial cooperation while serving as a bank for central bank ...
in
Basel Basel ( ; ), also known as Basle ( ), ; ; ; . is a city in northwestern Switzerland on the river Rhine (at the transition from the High Rhine, High to the Upper Rhine). Basel is Switzerland's List of cities in Switzerland, third-most-populo ...
, Switzerland. In August 2007,
Russia Russia, or the Russian Federation, is a country spanning Eastern Europe and North Asia. It is the list of countries and dependencies by area, largest country in the world, and extends across Time in Russia, eleven time zones, sharing Borders ...
nominated Tošovský to succeed
Rodrigo Rato Rodrigo de Rato y Figaredo (born 18 March 1949) is a businessman and politician who served in the Council of Ministers of Spain from 1996 to 2004. He also served as the ninth managing director of the International Monetary Fund (IMF) from 2004 ...
as head of the
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 ...
– as an alternative to the French candidate
Dominique Strauss-Kahn Dominique Gaston André Strauss-Kahn (; born 25 April 1949), also known as DSK, is a French economist and politician who served as the tenth managing director of the International Monetary Fund (IMF), and was a member of the French Socialist P ...
. The Czech Republic immediately declared that it would not support Russia's nomination and would continue to stand behind the EU's one.


State Security allegations

In January 2007, the daily newspaper ''
Mladá fronta DNES ''Mladá fronta Dnes'' (), also known as ''MF Dnes'' or simply ''Dnes'', is a daily newspaper based in the Czech Republic The Czech Republic, also known as Czechia, and historically known as Bohemia, is a landlocked country in Central Euro ...
'' accused Tošovský of having cooperated with the Czechoslovak State Security. The Czech Office for Foreign Relations and Information (ÚZSI, civilian intelligence) denied any conscious cooperation of Tošovský with the State Security. ''Mladá fronta DNES'' later stated that Tošovský mainly performed economic analysis for the State Security agency and never gave any information leading to arrests or prosections by the State Security.Nespolupracoval jsem s StB, brání se Tošovský – iDNES.cz
Zpravy.idnes.cz. Retrieved 12 October 2011.


Other activities

Tošovský is an associate professor of the
University of Economics, Prague The Prague University of Economics and Business (PUEB) (originally: ''the University of Economics, Prague''; '', VŠE'') is an economics and business-oriented public university located in Prague, Czech Republic. It is the largest university in ...
and holds an honorary doctorate from
Mendel University in Brno Mendel University in Brno () is located in Brno, Czech Republic. It was founded on 24 July 1919 on the basis of the former Tábor Academy. It now consists of five faculties and one institute - the Faculty of AgriSciences, Faculty of Forestry an ...
. He is a member of the board of the
Centre for European Policy Studies The Centre for European Policy Studies (CEPS) is a leading think tank based in Brussels, Belgium. It was established in 1983. Its primary tasks are to conduct rigorous, evidence-based policy research on European and global issues, to serve as a ...
, Brussels; a member of the
Basel Committee on Banking Supervision The Basel Committee on Banking Supervision (BCBS) is a committee of banking supervisory authorities that was established by the central bank governors of the Group of Ten (G10) countries in 1974. The committee expanded its membership in 2009 a ...
; a member of the board of the Financial Services Volunteer Corps, New York and a member of the International Council of the Bretton Woods Committee, Washington. Awards received by Tošovský include: Central Banker of the Year (1993), European Manager of the Year 2014 (European Business Press Federation), the Karel Engliš Prize for Economics at
Masaryk University Masaryk University (MU) (; ) is the second largest university in the Czech Republic, a member of the Compostela Group and the Utrecht Network. Founded in 1919 in Brno, it now consists of ten faculties and 35,115 students. It is named after To ...
in Brno (1995), European Banker of the Year (Group 20+1, 1996), and the EastWest Institute Award for Leadership in Transition (2001). Tošovský is married and has two daughters.


References


External links

*
Short biography up to 1998
, - , - {{DEFAULTSORT:Tosovsky, Josef 1950 births Living people People from Náchod Prime ministers of the Czech Republic Czechoslovak economists Governors of the Czech National Bank Prague University of Economics and Business alumni Communist Party of Czechoslovakia members 20th-century Czech economists 21st-century Czech economists