Manuel Sánchez (economist)
Manuel Sánchez | |
|---|---|
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| Deputy Governor of The Bank of Mexico | |
| In office May 27, 2009 – December 31, 2016 | |
| Nominated by | President Felipe Calderón |
| Personal details | |
| Born | July 27, 1950 Monterrey, Nuevo León, Mexico |
| Spouse | Rosina C. Flores |
| Children | Manuel Eduardo Pablo |
| Alma mater | ITESM-Campus Monterrey (B.A.’76) University of Missouri-Columbia (MSc’79) The University of Chicago (AM’83 & PhD’85) |
Manuel Sánchez (Monterrey, Nuevo León, July 27, 1950) is a Mexican economist with a wide-ranging professional career that includes positions in academics, banking, and central banking. He was nominated by President Felipe Calderón Hinojosa on April 23, 2009, as Deputy Governor and member of the Board of Governors at Banco de México, Mexico’s central bank, for a term that ends on December 31, 2016.[1] His appointment was ratified by the Standing Commission of the Mexican Congress on May 27, 2009.[2]
Personal
Manuel Sánchez is the son of Manuel Sánchez (1906-1996) and Josefina González (1916-2013) and is married to Rosina C. Flores, with whom he has three sons: Manuel (1989), Eduardo (1991), and Pablo (1995).
Education
Manuel Sánchez holds a master's degree and Ph.D. in economics from The University of Chicago (1983, 1985), where his doctoral thesis adviser was Robert E. Lucas Jr., and his thesis committee was composed of Robert E. Lucas Jr., Arnold Zellner, and Lars Peter Hansen. While at Chicago, he also studied with Gary S. Becker, Robert W. Fogel, James J. Heckman, Arnold C. Harberger, Sherwin Rosen, Sanford J. Grossman, Jacob A. Frenkel, and Michael L. Mussa. In addition, he was a research assistant for Arnold Zellner and teaching assistant for James J. Heckman.
He holds a master’s of science from the University of Missouri-Columbia (1979) and received a bachelor's degree in economics with honors from the Monterrey Institute of Technology and Higher Education (ITESM), Monterrey campus (1976).
Throughout his career, he has received numerous academic honors, among them the Earhart Foundation Scholarship (1983-1984), the Milton Friedman Fund and Special UU Scholarship (1983-1984), a scholarship from Mexico’s National Council of Science and Technology (Conacyt)(1979-1983), and a scholarship from the University of Missouri-Columbia (1977-1979).
He was a PEW Teaching Fellow at The University of Chicago (1982-1983) and received the American Agricultural Economics Association Award for Professional Excellence (1980). He is also a member of the Honor Society of Agriculture Gamma Sigma Delta (1979).
Career
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Between 2006 and 2009, Manuel Sánchez was Director of Investment at Valanza Grupo BBVA, the private equity unit of BBVA. He joined Grupo Financiero Bancomer, today Grupo Financiero BBVA Bancomer, in 1993 as Director of Financial Analysis and Investor Relations. From 1994 to 1998, he was Director of Planning and Finance for the Group’s Retail Banking division. From 1998 to 2004, he was the Group’s Corporate Director of Economic Studies, and between 2004 and 2006, he held the post of Director of Business Projects.
Previously, from 1989 to 1993, he headed the Center for Analysis and Economic Research at Mexico’s Autonomous Institute of Technology (ITAM). From 1986 to 1989, he held the post of Manager of Economic Studies for Grupo Grupo Vitro. Between 1985 and 1986, he worked as an assistant professor in the department of economics at Boston College, and between 1984 and 1985, he was a full-time member of department of economics at the Autonomous University of Nuevo León (Universidad Autónoma de Nuevo León). In 1977, Manuel Sánchez was an economist at the industrial conglomerate Grupo Alfa and a professor of economics at the University of Monterrey (Universidad de Monterrey).
He has also taught part-time at the ITAM, the Monterrey campus of the ITESM, and the Autonomous University of Nuevo León.
Other professional activities
Manuel Sánchez has participated in the administration of many institutions. Between 2011 and 2014, he was a member of the Board of Directors of the Banco Latinoamericano de Comercio Exterior, S. A. (Bladex). From 1992 to 1994, he was a member of the Board of Directors of Grupo EUREKA, and from 1992 to 1993, a member of the Board of Directors of the Foundation for the Support of the Community.
Since 2011, he has been a member of the Global Advisory Board to the Booth School of Business at The University of Chicago, as well as of the National Advisory Board for Financial Inclusion. Between 2006 and 2010, he was president and founder of the organization Friends of The University of Chicago (Amigos de la Universidad de Chicago, A. C.), and from 2002 to 2006, member of the Mexican Commission on Macroeconomics and Health. From 1999 to 2000, he was president of the Mexican Institute of Finance Executives’ (IMEF) National Committee of Economic Studies and Director of the IMEF National Board. Since 1989, he has been a member of the Technical Advisory Board of the Private Sector Center for Economic Studies (CEESP).
Between 2007 and 2009, he was on the Editorial Board of the IMEF’s magazine Ejecutivos de Finanzas and from 2001 to 2009, a member of the Editorial Board of the Mexican newspaper Reforma.
Since 2002 he has been a member of The Mont Perelin Society, since 2001, of the Alamos Alliance, and since 1998, of the IMEF’s National Committee of Economic Studies.
Since 1998, he has written the column “Razones y Proporciones” for the newspaper Reforma, which focuses on current economic, monetary, and financial issues.
Books
Sánchez, M. (2006). Economía Mexicana para Desencantados, Mexico: Fondo de Cultura Económica.
Sánchez, M. y R. Corona (eds.), (1993). Privatization in Latin America, Washington: Banco Interamericano de Desarrollo.
Sánchez, M. (ed.), (1993). Procesos de Privatización en América Latina, Washington: ITAM-BID.
Articles
Sánchez, M. (2016). "Memoria de la economía mexicana," Nexos, February 1.
Sánchez, M. (2015). “Monetary Policy Normalisation in the US, the Limits of Macro-prudential Tools and Developing Capital Markets,” Central Banking, 25(4), May.
Sánchez, M. (2015). “El Trimestre, un Proyecto en Transformación,” El Trimestre Económico, Vol. LXXXII (3), No. 327, July–September.
Sánchez, M. (2014). “El Enigmático Sistema Bancario Mexicano Contemporáneo,” El Trimestre Económico, Vol. LXXXI (1), No. 321, January–March.
Sánchez, M. (2013). “Global Financial Stability and Central Bank Cooperation: What Have We Learned? – Presentation,” in Central Bank Cooperation at the Beginning of the 21st Century, Mexico: CEMLA.
Sánchez, M. (2013). "Repaso al Sistema Bancario," Nexos, November 1.
Sánchez, M. (2011). "Financial Crises: Prevention, Correction, and Monetary Policy," The Cato Journal, Vol. 31, No. 3.
Sánchez, M. (2010). "Financial Innovation and the Global Crisis," International Journal of Business and Management, 5(11).
Sánchez, M. (2010). "La innovación Financiera y la Crisis Mundial," El Trimestre Económico, Vol. LXXVII (3), No. 307, July–September.
Sánchez, M. et al., (2010). “The Financial Crisis-Where Are We Now, and What Are the Prospects for Unwinding Public Interventions in the Financial Sector?” in Das, U.S. and M.G. Papaioannou (eds.), Unwinding Financial Sector Interventions, Preconditions and Practical Considerations, Washington: International Monetary Fund.
Sánchez, M. (2008). “El Financiamiento del Estado, la Reforma Fiscal y el Crecimiento Económico,” Gaceta de Economía, Instituto Tecnológico Autónomo de México, 14(24).
Sánchez, M. (2005). "The Recent Stabilization Experience in Mexico," The Cato Journal, Vol. 25, No. 1.
Sánchez, M. (2004). "Estadística de Valores y Creencias Mundiales," Letras Libres, November.
Sánchez, M. (2002). “The Need for Monetary Reform in Mexico,” The Cato Journal, Vol. 22, No. 2; also published in The ICFAI Journal of Monetary Economics, Vol. II, No. 2, 2004.
Sánchez, M. and N. Karp (2002). “Inflación Política Monetaria y Unión Monetaria en México,” in Sebastián, M. (ed.), (2002). Ensayos sobre Colombia y América Latina, Madrid: BBVA.
Sánchez, M. (2001). “Two Cheers for Mexico's Tax Reform,” The Wall Street Journal, March 30.
Speeches
The Powers and Limits of Monetary Policy November 12, 2015
¿Qué es Educación Financiera? September 25, 2015
Mexico and Texas: Ties and mutual benefits September 10, 2015
Productivity, Growth, and the Law June 16, 2015
Emerging markets and the world’s unusual monetary conditions May 13, 2015
Understanding macroprudential instruments and their impact April 21, 2015
Mexico’s reforms progress and economic outlook March 20, 2015
El Trimestre, un proyecto en transformación March 10, 2015
Expectativas sobre la Economía Mexicana January 22, 2015
The changing tide of financial markets December 5, 2014
Japón: modernidad milenaria November 27, 2014
Structural Challenges for the Mexican Economy 14 November 2014
Emerging Markets amid Heightened Uncertainty October 23, 2014
Valores y prosperidad económica October 7, 2014
An economic outlook and policy update on Mexico September 26, 2014
Mexican Structural Reforms and the Binational Relationship September 9, 2014
La comunión del arte June 26, 2014
¿Para qué sirve un banco central? June 12, 2014
Deepening financial reform in China May 14, 2014
Evolving global challenges and policy options for Latin America March 29, 2014
Mexico’s banking system: opportunities from reform March 4, 2014
Mexico’s economic modernization and outlook February 24, 2014
Arte y materia: un paseo por la escultura December 5, 2013
The shared task of financial inclusion November 19, 2013
Mexico’s prospects for economic growth October 18, 2013
Unconventional Monetary Policy and Central Bank Independence International Conference Central Bank Independence:Progress and Challenges October 15, 2013
The impact of monetary policies of advanced countries on emerging markets September 9, 2013
Mexico in a weak global environment June 17, 2013
Las economías emergentes frente a la bonanza financiera May 23, 2013
Mexico's economic outlook and challenges February 20, 2013
Los sistemas de pagos en México December 5, 2012
Una ventana a Chipre November 29, 2012
Mexico: how to tap progress November 1, 2012
The European Union ten years after the euro zone crisis October 18, 2012
Forces and threats to Mexico's economic recovery September 28, 2012
La economía mexicana en tiempos difíciles July 31, 2012
Olimpiadas: economía y valores July 26, 2012
Estabilidad financiera global y cooperación entre bancos centrales: ¿Qué hemos aprendido? July 20, 2012
Dinámica macroeconómica y precios rígidos March 28, 2012
El enigma del desarrollo económico January 31, 2012
Mexico’s economic integration and outlook December 9, 2011
Tres grandes compositores austriacos December 1, 2011
The Strengths and Challenges of Mexico’s Financial System November 8, 2011
Innovación empresarial y estabilidad financiera October 26, 2011
Policy challenges in a decelerating world economy September 25, 2011
Monetary policy in time of crisis August 26, 2011
Three Issues for Mexico’s Economic Outlook July 14, 2011
Política monetaria y perspectivas económicas June 3, 2011
Systemic Risk: Policy Challenges May 11, 2011
La interminable tarea de la estabilidad de precios January 26, 2011
Los beneficios de la estabilidad de precios December 9, 2010
Financial crises: prevention, correction and monetary policy November 18, 2010
Lessons from the Financial Crisis in Mexico October 17, 2010
Temas económicos y sociales de actualidad en México August 13, 2010
Objetivo y funcionamiento del Banco de México July 1, 2010
Estabilidad y crecimiento económico: el papel del banco central May 14, 2010
Mexico’s Economic Outlook: Challenges and Opportunities February 5, 2010
Unwinding public interventions in the financial sector: an emerging market economy’s perspective December 3, 2009
Palabras con motivo de la inauguración de la conferencia internacional “Historia de la Banca Central November 23, 2009
Presentations
Mexico in the face of slowing emerging economies November 10, 2015
The Mexican economy: the need for differentiation October 2, 2015
México ante las presiones globales September 3, 2015
Mexico: dealing with international financial uncertainty August 6, 2015
The Mexican Economy: Tackling the problems March 31, 2015
México y los desafíos monetarios mundiales March 6, 2015
The Mexican Economy: Some Old and New Issues January 12, 2015
Financial Innovation and the Mexican Experience November 16, 2014
Oportunidades de la reforma financiera August 14, 2014
What Mexico’s economy confronts July 2, 2014
Cinco preguntas en torno a la economía mexicana May 27, 2014
Bases para la reactivación sostenida del crédito May 22, 2014
Mexico's monetary policy and economic outlook November 15, 2013
Bono demográfico y educación en México September 25, 2013
Desafíos y perspectivas de la economía mundial July 19, 2013
Mexico: the challenges of capital inflows June 26, 2013
Redescubriendo México March 11, 2013
The search for Mexico's economic progress February 18, 2013
Desafíos externos e internos February 8, 2013
Tres temas monetarios de México November 12, 2012
Boosting sustainable economic growth in Mexico November 1, 2012
The Mexican economy: facts and opportunities September 20, 2012
Desafíos de crecimiento y estabilidad August 24, 2012
Mexico’s economic policy under external constraints June 27, 2012
Global financial stability and the challenges of countercyclical policies May 12, 2012
The Mexican economy: now and in the future May 10, 2012
Economía mexicana: una mirada de largo plazo March 9, 2012
¿Atenuación de la desaceleración económica? February 16, 2012
The euro, the U.S., and the Mexican economy November 16, 2011
Fragilidad económica mundial y México October 19, 2011
Contribución del Banco de México al crecimiento September 7, 2011
The Mexican economy: outlook and challenges June 29, 2011
Avances y oportunidades para el crecimiento económico de México May 19, 2011
Desafíos y perspectivas de la economía mexicana February 18, 2011
Consideraciones sobre el tipo de cambio en México February 10, 2011
Crecimiento económico: ¿pausa o cambio de rumbo? November 4, 2010
Mexico’s Recent Road to Stability October 20, 2010
Recuperación económica y desafíos June 29, 2010
El papel central de las finanzas públicas June 2, 2010
Crecimiento económico de América Latina May 5, 2010
Perspectivas para la inversión privada en México April 29, 2010
Unwinding public interventions in the financial sector: an emerging market economy’s perspective December 3, 2009
Interviews
“Monetary policy Normalisation in the US, the Limits of Macro-prudential Tools and Developing Capital Markets,” in Central Banking, 25(4), May 2015.
"¿Inflación bajo control en 2013?" in Inversionista, February 13, 2013.
“Precisiones y precauciones,” in Ejecutivos de Finanzas, November 2012.
“Estrategias calculadas y maduras,” in Ejecutivos de Finanzas, February 2012.
“Banco de México: Objetivos Claros,” in Ejecutivos de Finanzas, March 2010.
“Estabilidad financiera, crecimiento económico y política monetaria,” in E-fecto, 2010; also published in Contrapunto: Revista Estudiantil del CIDE, March 2011, Year 5.
"México y la crisis financiera mundial," in Letras Libres (round table), December 2008.
External links
- The résumé of Manuel Sánchez on the Bank of Mexico's website
- Manuel Sánchez González Wikipedia (versión en Español)
- Bank of Mexico
- Speeches of the Board of Governors of the Bank of Mexico
- Presentations of the Board of Governors of the Bank of Mexico
- Bank for International Settlements: Central Bankers' Speeches
References
- ^ "Nomination of Manuel Sánchez as Deputy Governor of the Bank of Mexico". Presidencia de la República (in Spanish).
- ^ "Agreement to approve the nomination of Manuel Sánchez as Deputy Governor of the Bank of Mexico". Senado de la República (in Spanish).