Act III. Towards a new balance: The shape of the new economic order
An interview with Mark Carney, Governor, Bank of Canada
Mark J. Carney is Governor of the Bank of Canada. Mr. Carney was appointed Governor of the Bank of Canada, effective 1 February 2008, for a term of seven years. As Governor, he is Chairman of the Board of Directors of the Bank.
Born in Fort Smith, Northwest Territories, Mr. Carney received a bachelor's degree in economics from Harvard University in 1988. He received a master's degree in economics in 1993, and a doctorate in economics in 1995, both from Oxford University.
John Micklethwait is Editor-in-Chief of The Economist. Before that he edited the US section of the newspaper (1999 - 2006) and ran the New York Bureau for two years, having edited the Business Section of the newspaper for the previous four years. His other roles have included setting up The Economist's office in Los Angeles, where he worked from 1990 - 1993 and being Media Correspondent.
He has covered business and politics from the United States, Latin America, Continental Europe, Southern Africa and most of Asia. He is a frequent broadcaster and has appeared on CNN, ABC News, BBC, Start the Week and NPR. He is the co-author of The Witch Doctors, A Future Perfect: the Challenge and Hidden Promise of Globalisation, The Company: A Short History of a Revolutionary Idea and The Right Nation, a study of conservatism in America, with Adrian Wooldridge, also an Economist journalist.
Mark Carney, Governor of the Bank of Canada, discusses the continuing financial crisis looming over Europe. He offers his views on the recent proposal to expand the European Financial Stability Facility (EFSF), as well as the effect that the crisis is having on Canada and the rest of the world.