Vladimír Masár Explained

Vladimír Masár
Office:Governor of National Bank of Slovakia
Term Start:29 July 1993
Term End:29 July 1999
Predecessor:Office created
Deputy Governor Marián Tkáč acted as the interim Governor between 1 January and 29 July 1993
Successor:Marián Jusko
Birth Date:2 May 1958
Alma Mater:University of Economics, Bratislava
Profession:Banker, Manager

Vladimír Masár (born 2 May 1958 in Partizánske, Czechoslovakia) served as the first Governor of National Bank of Slovakia between 1993 and 1999.[1] As the first Central Bank governor of a newly independent Slovakia, he was in charge of introducing a stabilizing a new currency - the Slovak crown and building up a professional apparatus and international contacts at the National Bank of Slovakia from the scratch.[2] As a governor, he continued the conservative tradition of Czechoslovak monetary policy and prevented monetary turmoil despite irresponsible fiscal policies of Mečiar's government.[3] [4]

Career

After graduating from the University of Economics in Bratislava in 1988 he worked in several commercial banks before becoming deputy Finance minister of the newly founded Slovak Republic. He was chairman of the preparatory commission for the establishment of the National Bank of Slovakia and became its first governor. After the end of his term as a Governor, he became a chairman of the Slovak branch of Deloitte.[5] In May 2020 he retired upon reaching the mandatory retirement age for partners at Deloitte of 62 years.

Controversy

Shortly before Masár's retirement, Deloitte faced accusations by several high-profile politicians, including the Economy Minister Richard Sulík, of facilitating siphoning away public money.[6] Masár denied all allegations.[7]

Notes and References

  1. Web site: List of former governors and board members of the National Bank of Slovakia . 2022-05-20.
  2. Book: Dyson, Kenneth . 2008 . The Euro at Ten: Europeanization, Power, and Convergence . Oxford . Oxford University Press . 281 . 978-0191549175.
  3. Book: Johnson . Juliet . Priests of Prosperity: How Central Bankers Transformed the Postcommunist World . 11 February 2016 . Cornell University Press . 978-1-5017-0374-4 . 151 . en.
  4. Book: Horváth . Julius . A History of Slovak Economic Thought . 29 December 2021 . Routledge . 978-0-429-51447-0 . en.
  5. News: Nicholson. Tom. Interview with Vladimír Masár chairman of Deloitte . Slovak Spectator . 4 July 2005 . en.
  6. News: Vladimír Masár (62), Deloitte's President in Slovakia, is retiring . Symsite Research . 3 June 2020 . en.
  7. News: Onuferová . Marianna . Vladimír Masár po 20 rokoch končí v Deloitte, kritizuje Sulíka a vysvetľuje, prečo sa nehanbí za vyznamenanie od Mečiara . Denník E . 16 June 2020 . sk-SK.