Central Banking

Womenomics: why central banks need more women

Central Banking's new podcast series focuses in on the issues surrounding why there is a lack of women among the senior eschelons of the world's central banks.

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Central Banking's new podcast series focuses in why there is a lack of women among the senior eschelons of the world's central banks, regulators and supervisors. Speaking to a host of senior central bankers, Rachael King seeks to understand whether this problem extends beyond the bias' found in hiring practices, and whether women's minds are really programmed differently to their male counterparts.

In 2017, Janet Yellen left the Federal Reserve. As the first woman to hold the Fed chairmanship, many saw her as a trailblaiser for female economists around the world. Sadly, Yellen is only one of a few women who have managed to make it to the top in the world of central banking.

Like the majority of areas in the financial industry, women are seemingly lacking among the senior eschelons. Before, we could blame the economics profression - women were not taking economics degrees, they were not interested in the profression.

In 2018, that is no longer the case. More women than ever before are studying economics, so much so they sometimes outnumber their male counterparts at undergraduate degree level; but this trend is not being translated to real world, and women continue to hit a glass ceiling when entering the financial services workforce. 

Why? That is something Central Banking’s Womenomics series intends to find out. Throughout this ten part series, we will speak to a number of senior policymakers, academics and economists to find out which factors which are preventing women from climbing to those top supervisory roles. Is it that women lack confidence? Are hiring processes stacked against them? Or are there simply not enough female economists to go around? 

 

 

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