Mervyn King, English economist and academic
Mervyn Allister King, Baron King of Lothbury, (born 30 March 1948), is a British economist and public servant who served as the Governor of the Bank of England from 2003 to 2013. He is a School Professor of Economics at the London School of Economics. He is also the Chairman of the Philharmonia.
Born in Chesham Bois, Buckinghamshire, King attended Wolverhampton Grammar School and studied economics at King's College, Cambridge, St John's College, Cambridge, and Harvard University. He then worked as a researcher on the Cambridge Growth Project, taught at the University of Birmingham, Harvard and MIT, and became a professor of economics at the London School of Economics. He joined the Bank of England in 1990 as a non-executive director, and became the chief economist in 1991. In 1998, he became a deputy governor of the bank and a member of the Group of Thirty.
King was appointed as governor of the Bank of England in 2003, succeeding Edward George. Most notably, he oversaw the bank during the financial crisis of 2007–2008 and the Great Recession. King retired from his office as governor in June 2013, and was succeeded by Mark Carney. He was appointed a life peer and entered the House of Lords as a crossbencher in July 2013. Since September 2014 he has served as a professor of economics and law with a joint appointment at New York University's Stern School of Business and School of Law.
1948Mar, 30
Mervyn King, Baron King of Lothbury
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Events on 1948
- 3Apr
Marshall Plan
United States President Harry S. Truman signs the Marshall Plan, authorizing $5 billion in aid for 16 countries. - 14May
1948 Arab-Israeli War
Israel is declared to be an independent state and a provisional government is established. Immediately after the declaration, Israel is attacked by the neighboring Arab states, triggering the 1948 Arab-Israeli War. - 15May
1948 Arab-Israeli War
Following the expiration of The British Mandate for Palestine, the Kingdom of Egypt, Transjordan, Lebanon, Syria, Iraq and Saudi Arabia invade Israel thus starting the 1948 Arab-Israeli War. - 16Jul
1948 Arab-Israeli War
Following token resistance, the city of Nazareth, revered by Christians as the hometown of Jesus, capitulates to Israeli troops during Operation Dekel in the 1948 Arab-Israeli War. - 3Aug
Alger Hiss
Whittaker Chambers accuses Alger Hiss of being a communist and a spy for the Soviet Union.