Yen Tzung-ta

Yen graduated from Tunghai University with a bachelor's degree in economics in 1978 and earned a master's degree in economics from National Chengchi University in 1980. He then completed doctoral studies in the United States, earning his Ph.D. in economics from Michigan State University in 1989. His doctoral dissertation was titled, "Studies in currency substitution and exchange rate determination: the case of South Korea and Taiwan".^[2]

Yen was the assistant director-general of the department of economic research off the Central Bank of the Republic of China in April 1993 until January 2004. He then became the adviser of the Central Bank in January 2004 until October 2006. In October 2006 until March 2008, he became the deputy director-general of the department of economic research of the Central Bank. Lastly, he became the director-general of the department of economic research of the Central Bank in March 2008 until February 2012.