• Mesa redonda - Europa: Antes y Después de la Crisis Griega

    August 25th 2015

    Presentation

    José Carlos Diez.  Professor of Economics, Alcalá University, Spain

    Commentators

    Pablo Gerchunoff. Professor, History Department, UTDT
    Guido Sandleris. Dean, Business School, UTDT

    Moderator

    José Luis Machinea. Ex minister of Economy, Ex Executive Secretary, CEPAL

    José Carlos Diez  is currently the most influent person in the economic debate in Spain. His first book Hay vida después de la crisis boasts record sales and he has just published his second book, La Economía No Da la Felicidad pero Ayuda a Conseguirla, which he will be presenting for the first time in Buenos Aires and Montevideo.





  • CONFERENCE: The International Monetary System in the 21st Century

    August 27, 2010

    Speaker: Barry Eichengreen

    Barry Eichengreen, Professor of Economics and Political Science at University of California-Berkeley, Research Associate of the National Bureau of Economic Research (US) and Research Fellow of the Centre for Economic Policy Research (UK). Is a member of the American Academy of Arts and Sciences and has been Senior Policy Advisor of the IMF. Eichengreen is an expert in the international financial system and in monetary regimens. His Works have been published by the most prestigious academic journals. His most famous book is Golden Fetters where he argues that the gold standard between wars was one of the causes of the great depression of 1930. Recently he has analized crucial topics in the international agenda such as, the relevance of the fiscal adjustment in developed countries, the relationship between the G20 and the IMF and the situation of the euro as a common currency of a large portion of Europe, topics related with the gold standard.

     

  • Conference Series: Economic Ministers in Democracy

     

    After two and a half decades of democracy in Argentina, the Center for Financial Research and the School of Government at Torcuato Di Tella University intended to review the country’s recent economic policy history, with the help of some of its prominent actors.  With this purpose we invited José Luis Machinea, Domingo Cavallo, Roque Fernández, Jorge Remes Lenicov y Roberto Lavagna, the main economic policymakers in the five presidencial periods (1983-2007).  Faculty from Torcuato Di Tella University interviewed them in front of a broad audience, going over the main aspects of their tenures as Economic Ministers. Videos of the conferences can be found below.

     

    December 16th, 2009 

    Saliendo de la Convertibilidad: la política económica de 2002

    (The aftermath convertibility: the economic policy of 2002) 

     

    Guest: Jorge Remes Lenicov

    In the sixth and final meeting of the series, Jorge Remes Lenicov was interviewed by Professors Lucas Llach and Guido Sandleris. Jorge Remes Lenicov was the Minister of Economy between January and April 2002, a critical period for the Argentine economy.  In a dialogue with UTDT faculty and a broad audience, Remes Lenicov talked about the critical decisions made in order to abandon the Convertibility regime.

     

    watch video

     

     

    November 26th, 2009

    La política económica de la salida de la crisis: nuevos y viejos desafíos (2002-2005)

    (The political economy in the aftermath of the crisis: new and old challenges 2002-2005)

     

    Guest: Dr. Roberto Lavagna

    In the fifth meeting of the series, Dr. Roberto Lavagna was interviewed by Eduardo Levy Yeyati, Associated Researcher of the CIF, in front of a broad audience. Roberto Lavagna was Economic Minister between April 2002 and November 2005. He served under two consecutive presidents, Eduardo Duhalde and Néstor Kirchner.  The former minister was questioned about the economic stabilization after the 2001-2002 crisis, the public debt renegotiation, and the links between macroeconomic policy, growth and inflation.

     

    watch video

     

     

    November 23rd, 2009

    La política ecnómica en tiempos de crisis: los quince meses de la Alianza

    (Economic policy in times of crisis: the fifteen month of the Alianza) 

     

    Guest: Dr. José Luis Machinea

    In the fourth meeting of the series, Dr. José Luis Machinea was interviewed by Professors Alejandro Bonvecchi and Ernesto Schargrodsky. Dr. José Luis Machinea, Minister of Economy between Dicember 1999 and March 2001 answered questions about the expectations faced by the Alianza before taking office, the initial decisions made to confront the recession, and the policy reactions to the critical economic conditions.

     

    watch video

     

     

    October 19th, 2009

    Convertibilidad y turbulencia externa: la política económica argentina entre 1996 y 1999.

    (Convertibility and external turbulence: the Argentine economic policy between 1996 and 1999) 

     

    Guest: Dr. Roque Fernández

    In the third meeting of the series, Dr. Roque Fernández was interviewed by Professors Juan José Cruces and Lucas Llach. Dr. Roque Fernández was the President of the Central Bank in the birth of the Convertibility Regime.  Later on, he served as Minister of Economy during the three final years of the Menem administration.

     

    watch video

     

     

    October 13th, 2009

    La convertibilidad argentina: origen, apogeo y crisis

    (The Argentine Convertibility Regime: birth, peak and crisis)

     

    Guest: Dr. Domingo Cavallo

    In the second meeting of the series, Dr. Domingo Cavallo was interviewed by Professors Guido Sandleris and Ernesto Schargrodsky. Dr. Cavallo participation in economic policy making during the last two decades was special since he served as Minister of Economy under Carlos Menem between 1991 and 1996 and under Fernando de la Rúa in 2001. 

     

    watch video

     

     

    August 27th, 2009

    La experiencia de política económica en tiempos de Alfonsín

    (The economic policy in times of Alfonsín)

     

    Guest: Dr. José Luis Machinea

    In the inaugural meeting of the series, Dr. José Luis Machinea was interviewed by Professors Lucas Llach and Guido Sandleris. Dr. Machinea experience is special since he was the President of the Central Bank during part of the Raúl Alfonsín administration and as the Minister of Economy in the first year of the Fernando de la Rúa administration.

     

    watch video

     

  • Presentación del informe Anual "Desarrollo en las Américas (DIA)" 2010: La era de la productividad: cómo transformar las economías desde sus cimientos

    May 31st, 2010

    In occasion of the month of the Bicentennial, the Torcuato Di Tella University and the Inter-American Bank of Development (BID) are pleased to invite to the presentation of the annual report of the BID, which will be carried out on Monday, the 31st of May, from 9 a.m., at Torcuato Di Tella University/Miñones building.

    La era de la productividad describes in what way the low productivity of Latin America and the Caribbean limits the catch up with the countries of the developed world. The authors investigate beyond the traditional macroeconomic explanations and penetrate up to coming at the level of the industries and the companies to discover his reasons.

  • First Workshop of the Latin American Financial Network

    Universidad Torcuato Di Tella, Buenos Aires - November - December 2003
  • Report on Social and Economic Progress in Latin America

    Program

    Session 1: Optimal Debt

    Moderator: Ugo Panizza, BID

    ·    Optimal Sovereign Debt: An Analytical Approach, Jean-Charles Rochet, IDEI Toulouse

    ·    Commentator: Juan P. Nicolini

    ·    Optimal debt? On the insurance value of international debt flows to developing countries, Eduardo Levy-Yeyati, BID y UTDT

    ·    Commentator: Ricardo Martner, CEPAL

    ·    Optimal Debt Structure, Fabio Kanczuk, Universidade de São Paulo

    ·    Commentator: Alejandro Werner, Titular Secretaría de Hacienda y Crédito Público

    ·    Lending by Multilateral Institutions, Eduardo Fernández-Arias y Andrew Powell, BID

    ·    Commentator: Pablo Guidotti, UTDT 

    Session 2: Debt Sustainability

    Moderator: Eduardo Borensztein, BID

    ·    Self-Fulfilling Equilibria in Capital Markets, Daniel Cohen, École Normale Superieure

    ·    Commentator: Eduardo Fernández-Arias, BID

    ·    Debt Sustainability and Uncertainty, Alejandro Izquierdo, BID

    ·    Commentator: Marcio Garcia, PUC Rio

    ·    A balance-sheet approach to debt sustainability, Federico Sturzenegger, Harvard KSG y UTDT

    ·    Commentator: Marcus Miller, University of Warwick 

    Sesión 3: Spreads in Emerging Markets

    Moderator: Andrew Powell, BID 

    ·    The Sovereign Ceiling, Kevin Cowan, Banco Central de Chile

    ·    Commentator: TBA

    ·    Manias and Panics in Emerging Bond Markets, Eduardo Borensztein, BID

    ·    Commentator: Marcos Chamon, IMF

    ·    Valuation of the Argentine GDP Unit, Sergio Pernice, CEMA

    ·    Commentator: German Fermo, UTDT

    ·    Risk appetite and emerging market spreads, Martín González Rozada, UTDT

    ·    Commentator: Sergio Pernice, CEMA 

    Session 4: The Costs of Sovereign Defaults

    Moderator: Alejandro Izquierdo

    ·    Eduardo Borensztein, BID

    ·    Eduardo Levy-Yeyati, BID y UTDT

    ·    Ugo Panizza, BID

    ·    Commentator: Eduardo Cavallo, Harvard KSG 

    Session 6: Topics in Sovereign Debt

    Moderator: Eduardo Levy-Yeyati, BID y UTDT

    ·    The internal dynamics of sovereign debt, Ugo Panizza, BID

    ·    Commentator: Roque Fernández, CEMA

    ·    Public Debt and Social Expenditure, Eduardo Lora, BID

    ·    Commentator: Miguel Braun, CIPPEC

    ·    Domestic Bond Markets: The Role of Institutional Investors, Miguel Kiguel, CEF

    ·    Commentator: Lorenza Martinez, ITAM

    ·    The Political Economy of Sovereign Debt, Marcela Eslava, Los Andes

    ·    Commentator: Koldo Echebarria, BID

  • Conference on Exchange Rate Regimes

    Torcuato Di Tella University, Buenos Aires - June 5th and 6th,  2000.
  • "Public Debt and Economic Growth in Latin America: ¿A new beginning?"

     

    Program


    Opening Words 
    João Sayad, Vice President, Inter-American Development Bank 

    Global Outlook:  How long is the boom (and how to get advantage from it) 

    The coincidence of low interest rates, high commodity prices and a sustained global growth, explains to a large extent the recent positive performance of Latin American economies. Which are the risks that this prospect will revert to another dollar collapse, high interest rates and global recession? How well prepared are the countries in the region to face a deterioration of the global economy? What measures should be taken o limit the vulnerability to such deterioration?

    Moderator : Juan Pablo Nicolini, UTDT 
    Mario Blejer, Bank of England [
    presentation in pdf]
    Barry Eichengreen, University of California, Berkeley 

    Learning: Public debt management in the new decade

    Fiscal sustainability depends crucially on the structure of sovereign debt, in particular in its currency of denominations, market emission and the composition of investors. The current benign international economic environment is the ideal scenario for optimizing such a structure with the minimal financial cost. Should governments take advantage of the apetite of foreigners for local currency assets, even though this implies a larger cost in the short term? Should domestic markets and resident investors be prioritized in pesos emissions? Does the current environment offer opportunities for instruments associated with product growth or commodity prices? Is this desirable?

    Moderator: Eduardo Fernández-Arias, Inter-American Development Bank 
    Daniel Cohen, École Normale Supérieure 
    Miguel Kiguel, CEF [
    presentation en pdf]
    Eduardo Levy Yeyati,
    Inter-American Development Bank  and UTDT [presentation en pdf]

    From financial collapse to economic recovery: ¿Miracle, mirage or  business cycle?

    The outcomes of currency and financial crisis in emerging economies have exhibited a common pattern: product recovers fast even though domestic and foreign credit stagnates, and the increase in investment is limited. Does this mean that the consequences of crises persist beyond the recovery phase? How does this pattern reflects in the argentine post-crisis? How is this compared with the experiences of Mexico and Brazil after their currency and financial crisis?

    Moderator: Silvina Vatnick, CEF 
    Guillermo Calvo, Inter.-American Development Bank[
    presentation in pdf]
    Miguel Broda, Estudio Broda [
    presentation in pdf]
    Gustavo Cañonero, Deutsche Bank [
    presentation in pdf]