Tue 23 Apr 2019 / Global
Gender balance in central banks
One of the oft-cited arguments used to convince organisations to commit to gender diversity is how it benefits decision-making. Applying such analysis to central banks is tricky, if not impossible, chiefly due to the lack of a robust sample to conduct econometrics. Still, anecdotal evidence and views from central bankers highlight the benefits of diversity in helping to reduce the likelihood of 'groupthink'. Strategies to promote women in finance likewise help promote role models that can change outdated notions about women's abilities.