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Agust\\xedn Carstens was born June 9, 1958 in Mexico City. He holds a M.A. (1983) and a Ph.D. (1985) in economics from the University of Chicago. He received his B.A. in economics (summa cum laude) from the Instituto Tecnol\\xf3gico Aut\\xf3nomo de M\\xe9xico (ITAM) in 1982, with a thesis on determining the forward exchange rate in Mexico, for which he received the 1983 Tlacaelel National Prize in Economic Consulting from Consultores Internacionales, S.C.. He also won the 1985 National Research Prize in Economics from Banco Nacional de M\\xe9xico, S.A. Dr. Carstens began his professional career in 1980 at Banco de M\\xe9xico, where, despite his youth, he held many top level positions at the central bank\\u2019s International Affairs Department, first as Foreign Exchange trader, and then as Deputy Manager and Manager of the Foreign Exchange and Market Analysis Department.

In 1989, he became the central bank\\u2019s International Treasurer and represented Banco de M\\xe9xico in Mexico\\u2019s Brady Bond foreign debt restructuring negotiations. From June 1991 to May 1993 he served as Banco de M\\xe9xico\\u2019s Treasurer and had, among other responsibilities, the task of managing the central bank\\u2019s reserves, the money market operations through public debt securities, and Banco de M\\xe9xico\\u2019s interventions in the foreign exchange and money markets. From June 1993 to March 1994 he was Chief of Staff in the Governor\\u2019s Office and was later named Head of Economic Research of Mexico\\u2019s central bank until 1999. From 1999 to 2000 Dr. Carstens was appointed Executive Director at the International Monetary Fund (IMF), representing the casting votes of Spain, Mexico, Central America and Venezuela within the organization.

He served as Deputy Finance Minister in Mexico from 2000 to 2003, when he was appointed Deputy Managing Director at the International Monetary Fund, and was responsible for handling the IMF\\u2019s relationship with more than 70 member countries. On October 2006, he was invited by Mexico\\u2019s elected President Felipe Calder\\xf3n to join his transition cabinet as Chief Economic Coordinator, in charge of framing the new administration\\u2019s economic and financial program. On December 1 of that year, he was appointed Mexico\\u2019s Minister of Finance, a position he held until December 9, 2009. While serving as Minister of Finance, Dr. Carstens also chaired the IMF and World Bank Joint Development Committee from March 2007 to October 2009. On December 9, 2009 he was proposed by President Calder\\xf3n as Governor of Banco de M\\xe9xico.

After the Senate ratified the President\\u2019s proposal on December 28, he was appointed Governor for a 6-year term, from January 1, 2010 to December 31, 2015. On January 10, 2011, the Board of Directors of the Bank for International Settlements (BIS) elected Dr. Carstens as a new member of the board. On February 17, 2011 Dr. Carstens was appointed Co-chairman of the Group of Trustees of the Principles for Stable Capital Flows and Fair Debt Restructuring (otherwise known as the Principles) of the Institute of International Finance (IIF). Dr. Carstens has been a member of the Steering Committee of the G-20 Financial Stability Board (FSB) since early 2010, and Co-chair of the FSB Regional Consultative Group for the Americas.