1. NBR
  2. Organisation
  3. The Board of Directors
  4. Mugur Constantin Isărescu - Governor
  5. CV

NBR Governor


Date of birth: 1 August 1949
Place of birth: Drăgăşani, Vâlcea county

Academician Mugur Constantin Isărescu

Educational background

1989
Ph.D. in Economics, delivered at the Academy of Economics in Bucharest
1967-1971
Academy of Economics in Bucharest, Faculty of Commerce, specialising in Foreign Trade
 

Professional experience

September 1990 - present
Governor of the National Bank of Romania – appointed by the Government in 1990; tenure granted by Parliament in 1991; tenure renewed by the Parliament in December 1998, November 2004, October 2009, October 2014 and October 2019
December 1999 - December 2000
Prime Minister of Romania
1997 - present
Director of the Institute of World Economy (discontinued while serving as NBR Governor)
March - September 1990
Secretary in charge of economic and monetary issues with the Romanian Embassy in Washington, D.C.
August 1971 - February 1990
Senior researcher (1st degree) at the Institute of World Economy since 1990 (researcher since 1971, 3rd degree researcher since 1980)

Positions held in international bodies

  • Governor for Romania in the IMF’s Board of Governors
  • Vice Governor for Romania in the World Bank’s Board of Governors
  • Vice Governor for Romania in the EBRD’s Board of Governors
  • Representative of Romania in the BIS and in the Committee of Central Bank Governors in Basle
  • President of the Central Bank Governors’ Club in the Region of Black Sea, Balkans and Central Asia
  • Vice-President of the Central Bank Governors’ Club in the Region of Black Sea, Balkans and Central Asia

Scientific titles and academic degrees

  • Member of the Romanian Academy since 2006; corresponding member since 2001
  • Corresponding member of Real Academia de Doctors in Spain (2009)
  • Corresponding member of Real Academia de Ciencias Económicas y Financieras in Spain, Barcelona (2008)
  • Doctor Honoris Causa of Petroleum-Gas University, Ploiești (2019)
  • Doctor Honoris Causa of Ovidius University, Constanța (2019)
  • Doctor Honoris Causa of "Mircea cel Bătrân" Naval Academy, Constanța (2014)
  • Doctor Honoris Causa of University of Bucharest (2014)
  • Doctor Honoris Causa of University Politehnica of Bucharest (2013)
  • Doctor Honoris Causa of Lucian Blaga University in Sibiu (2013)
  • Doctor Honoris Causa of Andrei Şaguna University in Constanţa (2012)
  • Doctor Honoris Causa of Romanian American University (2011)
  • Doctor Honoris Causa of „Transilvania” University in Braşov (2011)
  • Doctor Honoris Causa of Chişinău Academy of Economics (2010)
  • Doctor Honoris Causa of “Alexandru Ioan Cuza” University in Iaşi (2009)
  • Doctor Honoris Causa of “Babeş-Bolyai” University in Cluj-Napoca (2009)
  • Doctor Honoris Causa of “Universitatea de Vest” in Timişoara (2007)
  • Doctor Honoris Causa of Bacău University (2007)
  • Doctor Honoris Causa of Piteşti University (2006)
  • Doctor Honoris Causa of Craiova University (2003)
  • Doctor Honoris Causa of “Universitatea de Nord” in Baia Mare (2000)
  • Professor, Academy of Economics in Bucharest – Finance, Insurance, Banks and Stock Exchanges Faculty (since 1996)
  • Ph.D. in Economics – doctoral thesis titled “Tendinţe în politica guvernamentală a cursurilor de schimb pe plan internaţional şi incidenţa lor asupra relaţiilor economice externe ale României”, scientific coordinator Professor Costin Kiriţescu, Ph.D., delivered at the Academy of Economics in Bucharest (1989)

Scientific research activity

  • Senior researcher (1st degree) at the Institute of World Economy since 1990 (researcher since 1971, 3rd degree researcher since 1980)
    • “World Prices” (August 1971 – February 1974)
    • “Developed Capitalist Countries” (February 1974 – February 1990)
  • Authored over 60 research papers and coordinated other 10 research papers
Research topics: global monetary and financial relations and institutions; world economic environment, particularly in Western countries; Romania’s foreign economic relations; issues related to the establishment and functioning of international credit mechanisms, exchange rates and prices.

Political, administrative, civic, scientific and cultural activities

  • Vice-President of the Inter Ministerial Committee for the Transition to the Euro
  • President of the Economic, Law and Sociology Section of the Romanian Academy (2006)
  • Member of the Club of Rome and president of the Romanian Association for the Club of Rome
  • Member of the Trilateral Commission
  • Founding member of the Romanian Economics Society (SOREC)
  • Vice-President of the General Association of Economists in Romania (AGER)
  • Member of the Board of the Romanian-American Enterprise Fund (RAEF) – withdrew after the enforcement of the law on conflict of interest
  • Member of the Romanian Numismatic Society
  • Presidency candidate (2000)

Orders, decorations, diplomas and awards

  • The National Order “The Star of Romania” Colan grade, 26 January 2010
  • The National Order “The Star of Romania” Grand Cross grade, 1 December 2000
  • The Order “The Industrial and Commercial Merit”, 2 February 2007
  • "L'Ordre national de la Légion d'Honneur", 4 March 2011
  • The Commander’s Cross of the Order of Merit of the Republic of Poland
  • The Order “The Grand Cross of the South”, the most important Brazilian decoration granted to foreigners, Bucharest, September 2000 and the Order “Grand Officer of the South Cross”, Brazilian decoration awarded to foreigners, Bucharest, December 1999
  • The Cross of Saint Andrew – decoration awarded by the Galaţi Bishopric, December 2000
  • The Moldavian Cross – high decoration granted by the Metropolitan Churches of Moldavia and Bucovina, July 2000
  • The Cross of the Patriarchate – high decoration awarded by the Romanian Patriarchate
  • The Cross of Transylvania – high decoration awarded by the Metropolitan Church of Transylvania
  • Royal Decoration "Nihil Sine Deo", granted by His Majesty King Mihai I
  • “Carol Davila” Trophy – high decoration awarded by University of Medicine and Pharmacy in Bucharest, October 2012
  • Banker of the Decade, Capital Magazine, 2003
  • Banker of the Year, Piaţa financiară Magazine, 2002
  • “Central Banker of the Year”, “The Banker” (Financial Times Group), 2001
T: +4031 132 2321
E: press@bnro.ro