Már Guðmundsson has been Governor of the Central Bank of Iceland since August 2009. From 2004 until his appointment as Governor, he served as Deputy Head of the Monetary and Economic Department (MED) at the Bank for International Settlements. From 1994 to 2004 he was Chief Economist and Director of the Economics Department at the Central Bank of Iceland. He joined the department as an economist in 1980 and later held the position of Manager and Head of Research. From 1988 to 1991 he served as economic adviser to the Minister of Finance in Iceland. Már Guðmundsson has a BA-honours degree in Economics from the University of Essex and an M Phil degree in Economics from the University of Cambridge. He has published several articles in books and economic journals on macroeconomics, monetary policy, exchange rate regimes, financial stability, and pensions and has served on the editorial boards of economic journals in Iceland, at the BIS, and in the UK.