January 25, 2017

What Europe’s Central Bank Chiefs Earn per Year

   January 25, 2017

What Europe’s Central Bank Chiefs Earn per Year

What_Europe's_Central_Bank_Chiefs_Earn_per_Year_€_TMMChart.png

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Editor’s Remarks:
Central banks are a crucial part of modern economies; around 99.9% of the global population lives under one. Their governors wield enormous influence over interest rates, money supply, and so on – so why might they be paid such vastly different amounts? As government officials, the reasons for their salaries are not often open to scrutiny. It’s difficult to see why the nature of the role would come into play: Lithuania and Belgium, for example, are both in the Eurozone, and so both their Central Banks must play by the Eurosystem rules which determine common monetary policy. A more important factor could be the sheer cash weight on each one’s shoulders. Swiss Governor Thomas Jordan is indirectly responsible for the 50 billion Swiss Francs in circulation (as of 2010) and a banking system with total assets of around €6113bn, whilst Mr Vasiluauskas’ Lithuanian remit covers a banking system with around €20bn in total assets.

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