Carney Effect Takes Hold as Central Banks Seek Global Insight

A packed passport appears to be a pre-requisite to running a modern central bank.

Less than a year since Mark Carney swapped the governorship of the Bank of Canada for that of the Bank of England, Nemat Shafik of the International Monetary Fund was yesterday named one of his deputies. Her hiring comes the same month the European Central Bank picked Canadian Julie Dickson to help oversee banks and as former Bank of Israel Governor Stanley Fischer and ex-U.S. Treasury Undersecretary for International Affairs Lael Brainard prepare to join the Federal Reserve.