Josef Tošovský
Encyclopedia
Josef Tošovský (ˈjozɛf ˈtoʃofskiː) (born 28 September 1950 in Náchod
Náchod
Náchod -History:Náchod was founded in 14th century by knight Hron of Načeradice, who founded a castle on a strategical place, where local trade road reaches the defile called Branka. The first written note dates back to 1254.-Castle:...

, then Czechoslovakia
Czechoslovakia
Czechoslovakia or Czecho-Slovakia was a sovereign state in Central Europe which existed from October 1918, when it declared its independence from the Austro-Hungarian Empire, until 1992...

, now the Czech Republic
Czech Republic
The Czech Republic is a landlocked country in Central Europe. The country is bordered by Poland to the northeast, Slovakia to the east, Austria to the south, and Germany to the west and northwest....

) is a Czech economist and was governor of Czech National Bank
Czech National Bank
The Czech National Bank is the central bank and financial market supervisor in the Czech Republic with its headquarters in Prague. The Bank's governor is Miroslav Singer. In accordance with its primary objective, the ČNB sets monetary policy, issues banknotes and coins and manages the circulation...

 from 1993 to 2000. From 16 December 1997 to 17 July 1998 he was the Prime Minister of the Czech Republic in a caretaker government
Caretaker government
Caretaker government is a type of government that rules temporarily. A caretaker government is often set up following a war until stable democratic rule can be restored, or installed, in which case it is often referred to as a provisional government...

.

Tošovský graduated from the University of Economics, Prague
University of Economics, Prague
The University of Economics, Prague, is a public university located in Prague, Czech Republic. It is the largest university in the field of economics, business and information technologies in the Czech Republic with almost 20,000 students in its bachelor, masters and doctoral programmes.-Schools...

. After completing his studies in 1973, he was employed by the State Bank of Czechoslovakia, where he held a number of posts. In 1989, he was appointed Governor of the State Bank of Czechoslovakia. Following the split of the Czech and Slovak Federal Republic
Czech and Slovak Federal Republic
Czech and Slovak Federal Republic was the official name of Czechoslovakia from April 1990 until 31 December 1992, when the country was dissolved into the Czech Republic and the Slovak Republic.- Adoption of the name :Since 1960, Czechoslovakia's official name had been Czechoslovak Socialist Republic...

 and the establishment of the Czech National Bank
Czech National Bank
The Czech National Bank is the central bank and financial market supervisor in the Czech Republic with its headquarters in Prague. The Bank's governor is Miroslav Singer. In accordance with its primary objective, the ČNB sets monetary policy, issues banknotes and coins and manages the circulation...

, he was appointed Governor of the Czech National Bank in 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 the leading part in drafting the legislative and institutional framework for the operation of the central bank in the market system, and managed the splitting of the Czechoslovak currency and central bank in connection with the break-up of the state.

In response to the political crisis in the Czech Republic
Czech Republic
The Czech Republic is a landlocked country in Central Europe. The country is bordered by Poland to the northeast, Slovakia to the east, Austria to the south, and Germany to the west and northwest....

 at the end of 1997, President Václav Havel
Václav Havel
Václav Havel is a Czech playwright, essayist, poet, dissident and politician. He was the tenth and last President of Czechoslovakia and the first President of the Czech Republic . He has written over twenty plays and numerous non-fiction works, translated internationally...

 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
Financial Stability Institute
The Financial Stability Institute , is one of the bodies hosted by the Bank of International Settlements at its headquarters in Basel...

 at the Bank for International Settlements
Bank for International Settlements
The Bank for International Settlements is an intergovernmental organization of central banks which "fosters international monetary and financial cooperation and serves as a bank for central banks." It is not accountable to any national government...

 in Basel
Basel
Basel or Basle In the national languages of Switzerland the city is also known as Bâle , Basilea and Basilea is Switzerland's third most populous city with about 166,000 inhabitants. Located where the Swiss, French and German borders meet, Basel also has suburbs in France and Germany...

, Switzerland.

Tošovský is an associate professor of the University of Economics, Prague
University of Economics, Prague
The University of Economics, Prague, is a public university located in Prague, Czech Republic. It is the largest university in the field of economics, business and information technologies in the Czech Republic with almost 20,000 students in its bachelor, masters and doctoral programmes.-Schools...

 and holds an honorary doctorate from Mendelova Universita Brno.
He is a member of the board of the Centre for European Policy Studies, Brussels; a member of the Basel Committee on Banking Supervision; 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 include: Central Banker of the Year (1993), European Manager of the Year (European Business Press Federation, 1994), the Karel Engliš Prize for Economics at Masaryk University in Brno (1994), European Banker of the Year (Group 20+1, 1996) and the EastWest Institute Award for Leadership in Transition (2001).

Born in the Czech Republic in 1950, Tošovský is married and has two daughters.

In January 2007, the influential daily newspaper Mladá fronta DNES
Mladá fronta DNES
Mladá fronta Dnes, also known as MF DNES or simply Dnes , is the second most sold daily newspaper in the Czech Republic. Its name could be translated into English as Youth Front Today...

 accused Josef Tošovský of having cooperated with the former Czechoslovakian State Security
State Security (Czechoslovakia)
In former Czechoslovakia, State Security or StB / ŠtB, was a plainclothes secret police force from 1945 to its dissolution in 1990...

. 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 arrest or prosection by the State Security.

In August 2007, Russia
Russia
Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...

 nominated Tošovský to succeed Rodrigo Rato
Rodrigo Rato
Rodrigo de Rato y Figaredo is a Spanish political figure who served in the government of Spain as Minister of the Economy from 1996 to 2004; a member of the conservative People's Party , he was also First Deputy Prime Minister from 2003 to 2004...

 as the head the International Monetary Fund
International Monetary Fund
The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...

 – as an alternative to the French candidate Dominique Strauss-Kahn
Dominique Strauss-Kahn
Dominique Gaston André Strauss-Kahn , often referred to in the media, and by himself, as DSK, is a French economist, lawyer, politician, and member of the French Socialist Party...

. Czech Republic declared immediately, that it will not support Russia's nomination and continues to stand behind the EU's one.

External links

Short biography up to 1998
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