William White

Who is William White?

William R. White is a Canadian economist educated at the University of Windsor and the University of Manchester. He is famous for flagging the wild behaviour in the debt markets before the global storm hit in 2008.

In 1969, he began his career as an economist at the Bank of England, the central bank of the United Kingdom. In 1972 he joined the Bank of Canada, the central bank of Canada, where he spent 22 year. His first six years at the Bank of Canada were with the Department of Banking and Financial Analysis, first as an economist and finally as Deputy Chief. In 1978, White became Deputy Chief of the Research Department and was made Chief of the Department in 1979. He was appointed Adviser to the Governor in 1984 and Deputy Governor of the Bank of Canada in September 1988.

In 1994, he joined the Bank for International Settlements, the Swiss-based bank of central banks, as manager in the Monetary and Economic Department. From May 1995 to June 2008, he served as its Economic Adviser and Head of the Monetary and Economic Department.

He predicted financial crisis of 2007–2010 before 2007's subprime meltdown.