John Lipsky is an American economist, who is currently serving as the acting Managing Director of the International Monetary Fund. Previously the First Deputy Managing Director (second-in-command), he assumed this position following the May 2011, arrest of Dominique Strauss-Kahn on sexual assault charges.
After graduating from Wesleyan University with a B.A. in economics, he earned his M.A. and a Ph.D. in economics from Stanford University.
On graduation he joined the International Monetary Fund, where he helped manage exchange rate surveillance procedure. Appointed the IMF's resident representative in Chile from 1978, in 1980 he returned to the IMF headquarters in Washington D.C. to develop procedures in international capital markets.
After 10 years at the IMF, in 1984 he joined Salomon Brothers in New York. Based in London, England from 1989, he was director of the bank's European Economic and Market Analysis Group. He returned to New York in 1994, when appointed the bank's Chief Economist. In 1998 he joined JPMorgan as Chief Economist, and on that bank's merger with Chase Manhattan was appointed Chief Economist and Director of Research. He was then apponted to an operation role, becoming Vice Chairman of JPMorgan Investment Bank.
On September 1, 2006 he returned to the IMF as First Deputy Managing Director, replacing the departing Anne Osborn Krueger. Having declined the option to serve for a second term, Lipsky proposed to leave his post on August 31, 2011. In view of the purported criminal charges alleged against Managing Director Dominique Strauss-Kahn, Lipsky was appointed acting Managing Director of the IMF on May 15, 2011.
Lipsky also serves on the Board of Directors of the National Bureau of Economic Research.
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