Klaas Knot Explained

Klaas Knot
Office:Chair of the Financial Stability Board
Term Start:2 December 2021
Predecessor:Randal Quarles
Office1:President of De Nederlandsche Bank
Term Start1:1 July 2011
Predecessor1:Nout Wellink
Birth Name:Klaas Henderikus Willem Knot
Birth Date:14 April 1967
Birth Place:Bedum, Netherlands
Education:University of Groningen

Klaas Henderikus Willem Knot (born 14 April 1967) is a Dutch economist and central banker who is the current President of the Dutch central bank De Nederlandsche Bank (DNB).[1] In this capacity he serves as a member of the Governing Council of the European Central Bank (ECB), as well as of the Board of Governors of the International Monetary Fund (IMF). Knot also holds a position as Professor in Monetary Stability at the University of Amsterdam[2] and honorary professor at the University of Groningen.[3]

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.[4] [5]

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 International Monetary Fund in Washington D.C. 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 and insurance companies. 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.[6] Knot was the Vice Chairman of the Financial Stability Board from 2018 to 2021 when he replaced Randal Quarles as Chairman.[7]

Other activities

International organizations

Non-profit organizations

Personal life

Knot is married and has two children. He currently lives in Amsterdam, which is where De Nederlandsche Bank is headquartered.

References

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Notes and References

  1. Web site: Klaas Knot wordt nieuwe president van DNB . 2011-05-20 . NU.nl . nl . https://web.archive.org/web/20110522082649/http://www.nu.nl/economie/2519839/klaas-knot-wordt-nieuwe-president-dnb.html . 2011-05-22 . live.
  2. Web site: President De Nederlandsche Bank benoemd tot hoogleraar . Folia.nl . 2015-01-05 . Dirk . Wolthekker . nl . https://web.archive.org/web/20150608223103/www.foliaweb.nl/organisatie/president-de-nederlandsche-bank-benoemd-tot-hoogleraar/ . 2015-06-08 . live.
  3. Web site: Prof. Dr. K.H.W. (Klaas) Knot . Rijksuniversiteit Groningen . https://web.archive.org/web/20211108193512/https://www.rug.nl/staff/k.h.w.knot/ . 2021-11-08 . live.
  4. Book: Knot, Klaas . Fiscal policy and interest rates in the European Community . Labyrint . Capelle a/d IJssel . 1995 . 9789072591272 .
  5. Knot . Klaas . de Haan . Jakob . Fiscal policy and interest rates in the European community . . 11 . 1 . 171–187 . 10.1016/0176-2680(94)00012-9 . March 1995 .
  6. Web site: Klaas Knot . . https://archive.today/20211108192007/https://www.linkedin.com/in/klaas-knot-83b83911/?originalSubdomain=nl . 2021-11-08 . live.
  7. Web site: 2018-11-26. Appointment of new FSB Chair and Vice Chair. 2021-11-08 . www.fsb.org. en-US.
  8. https://www.ecb.europa.eu/ecb/orga/decisions/govc/html/index.en.html Governing Council
  9. https://www.esrb.europa.eu/pub/pdf/other/Perm_memb_GB.pdf Members
  10. https://www.bis.org/about/board.htm?m=1%7C2%7C2 Board of Directors
  11. http://www.imf.org/external/np/sec/memdir/members.aspx Board of Governors
  12. https://osservatorionline.it/en/who-we-are/ International Advisory Board
  13. http://trilateral.org/download/files/membership/TC_list_3_23.pdf Membership