Stanley Fischer, a widely respected economist who served as head of the Bank of Israel for eight years and as vice chairman of the US Federal Reserve for three years, has died at the age of 81, according to Israeli media reports.

The US-based Fischer reportedly died surrounded by family members after being ill for the past few years.

The renowned financier was the Bank of Israel governor from 2005 to 2013, and successfully navigated the nation through the 2008 financial crisis. He received multiple accolades for his policies and led the Bank of Israel to be ranked first in 2010 among central banks by the International Institute for Management Development for its efficient functioning.

Fischer, a dual US and Israeli citizen, served as vice chairman of the US Federal Reserve’s Board of Governors from 2014 to 2017, and before that........

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