Perng Fai-nan

Perng Fai-nan is a prominent Taiwanese economist and former governor of the Central Bank of the Republic of China (Taiwan), serving from 2001 to 2016. He is known for implementing the 'willow theory' of exchange rate management, which emphasizes flexibility and selective intervention in currency markets. Under his leadership, the Central Bank navigated various economic challenges while maintaining a stable monetary environment in Taiwan. His insights and policies have significantly influenced Taiwan's financial landscape and contributed to economic stability during his tenure.