Ex-U.S. Fed chairman calls on Taiwan’s central bank governor

Focus Taiwan
Date: 2015/05/26
By: Pan Chih-yi and Lilian Wu

Taipei, May 26 (CNA) Perng Fai-nan (彭淮南), Taiwan’s central bank governor,

Taiwan's Central Bank Governor Perng Fi-nan

Taiwan’s Central Bank Governor Perng Fi-nan

exchanged views Tuesday on quantitative easing (QE) policies and secular stagnation with Ben Bernanke, former U.S. Fed chairman, who arrived the previous day to attend a forum in Taipei.

Perng noted that financial stability is the goal of the Central Bank of the Republic of China (CBC), and that it has since 2010 adopted targeted prudential measures, coupled with tax policies by the Ministry of Finance, to stabilize the housing market.

Perng also supplied Benanke with an article titled “Why Great Power Demands Great Responsibility” that he had published in the London-based monthly magazine “The Banker” in January 2014 .     [FULL  STORY]

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