Economists judge Carstens worthy successor
All good things must come to an end. Guillermo Ortiz, the governor of the Bank of Mexico who is credited with ridding the Latin American economy of the scourge of inflation, is to be replaced at the beginning of 2010 after 12 years at the top.
The governor, who will also step down from his role as chairman of the board of the Bank for International Settlements, was widely thought to covet a third term. However, Felipe Calderon, Mexico's president, last week nominated Agustin Carstens, now
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