Lagarde 'Up to the Job' of Leading ECB, Says LSE Visiting Professor

The transcript discusses Christine Lagarde's potential appointment as the head of the ECB, highlighting her qualifications and experience as a French finance minister and IMF leader. It addresses the challenges she may face, such as replacing Mario Draghi and building a new ECB team. Concerns about her lack of formal economics training are noted, but her strong communication skills and policy experience are emphasized as valuable assets in modern central banking.

What roles has Christine Lagarde held that are relevant to her potential new position at the ECB?

• CEO of a major multinational corporation

• French Finance Minister and leader at the IMF

• President of the World Bank

• Governor of the Bank of England

What is considered one of the main challenges for Christine Lagarde as she steps into her new role at the ECB?

• Implementing new tax policies

• Overseeing the European Union's budget

• Rebuilding the ECB's Executive Committee

• Managing international trade agreements

Why might Christine Lagarde's lack of formal economics training not be a significant issue in her new role?

• She plans to take economics courses

• Her legal background compensates for it

• Communication and policy experience are more valued in modern central banking

• She has a degree in political science

What is a key aspect of modern central banking according to the discussion?

• Emphasis on communication skills

• Focus on international diplomacy

• Strict adherence to traditional economic theories

• Prioritizing technological advancements

What is one of Christine Lagarde's strengths that is highlighted as beneficial for her role at the ECB?

• Her experience in international law

• Her expertise in digital currencies

• Her strong communication skills

• Her extensive background in economics