Jacob Frenkel - the Israeli Economy's New Foreign Minister

Israel's new central bank chief is a great schmoozer abroad, though in recent years he hasn't been doing thorough economic research and hasn't been managing major operations.

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Bottom line? The reason Prime Minister Benjamin Netanyahu chose Jacob Frenkel for a return engagement as governor of the Bank of Israel, even if he had to push him into the job, was Frenkel's contacts. He was...