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FRENKEL, JAKOB A. Print E-mail

Jakob Frenkel's Mug ShotVice President, American International Group Inc. (AIG), New York, USA

Main Topics: Internationa finance and risk management, macroeconomic finance and policies, exchange rates systems, fiscal policies and global economy, international taxing sytems

Professional Profile: Jacob A. Frenkel is Vice President of the American International Group Inc. of New York.
He has been the Chairman of Merrill Lynch International as well as Chairman of Merrill Lynch's Sovereign Advisory and Global Financial Institutions Groups. He has been also a Member of the Office of the Chairman of Merrill Lynch & Co. Inc. and Chairman and CEO of the Group of Thirty.
Between 1991 and 2000 he served two terms as the Governor of the Bank of Israel. Prior to this, between 1987 and 1991, he was the Economic Counselor and Director of Research at the International Monetary Fund. He was a member of the G-7 Council and he is currently a member of the Advisory Committee of the Institute for International Economics (IIE), the Board of Directors of the Institute of International Finance (IIF) and a distinguished member of the Advisory Committee of Korea's Institute for global Economics (IGE). During 1995-1996, Prof. Frenkel served as Chairman of the Board of Governors of the Inter-American Development Bank (IDB) and, during 1999-2000, as Vice Chairman of the Board of Governors of the European Bank for Reconstruction and Development (EBRD).
Dr. Frenkel held the position of the David Rockefeller Professor of International Economics at the University of Chicago, where he was on its faculty from 1973 to 1987. Since 1991, he has also been on the faculty of Tel Aviv University where, in 1994, he was named the Weisfeld Professor of Economics of Peace and International Relations.
Dr. Frenkel is a Laureate of the 2002 Israel Prize in Economics, and recipient of Honorary Doctoral degrees from the University of Haifa, Ben-Gurion University and from Bar Ilan University, a recipient of the Jerusalem-Fellow Decoration, the Yuval-Dignitary Decoration, and of the "OT Hanagid Merit Award" from the Shaare Zedek Medical Center. He was awarded the 1993 Economic Policy Award by "Emerging Markets" and the Central Banker of the Year 1997 Award by "Euromoney".


  • B.A. in Economics and Political Sciences, Hebrew University of Jerusalem, 1966
  • M.A. in Economics, University of Chicago, 1969
  • Ph.D. in Economics, University of Chicago, 1970



Selected Works:
  • J. A. Frenkel, Economic Stablization and Transformation in the Era of Globalization, The 1997 Karel Englis Prize, Brno, Masaryk University, 1999
  • J. A. Frenkel, Optimum Currency Areas: New Analytical and Policy Developments, with M. Blejer, L. Leiderman and A. Razin, International Monetary Fund, 1997
  • J. A. Frenkel, Fiscal Policies and Growth in the World Economy, with A. Razin and C. Yuen, MIT Press, third edition, 1996
  • J. A. Frenkel, International Taxation in an Integrated World, with A. Razin and E. Sadka, MIT Press, 1991
  • J. A. Frenkel, The Economics of Exchange Rates: Selected Studies, with H.G. Johnson, Paperback edition, 1978