Challenges of Latin America under the New Normal

Published: May 24, 2018, 1:29 p.m.

b'CID Student Ambassador Patrick Hannahan interviews Carlos Fern\\xe1ndez Valdovinos, Governor of the Central Bank of Paraguay, he discusses the challenges faced by Latin American countries in the new global context, what lessons they learned from the last financial crisis and the best policies to prepare for the next crisis.\\n\\n// www.cid.harvard.edu //\\nInterview recorded on April 23rd, 2018.\\n\\nAbout Carlos Fern\\xe1ndez Valdovinos: Carlos Fern\\xe1ndez Valdovinos was designated Governor of the Central Bank of Paraguay (BCP) in October 2013 for a five-year period. He graduated from the Universidad Federal de Paran\\xe1 (Federal University of Paran\\xe1 \\u2013 Curitiba, Brazil, 1990) and went on to study in the USA, obtaining a Master\\u2019s degree in Economics at the University of Illinois, Urbana-Champaign, in 1994. In 1999 he got his PhD degree from the University of Chicago.\\n\\nHe has had a vast pedagogical experience and has taught at both national and international universities: Universidad Nacional de Asunci\\xf3n (National University of Asunci\\xf3n), Universidad Cat\\xf3lica \\u201cNuestra Se\\xf1ora de la Asunci\\xf3n\\u201d \\u2013 both Paraguayan; Universidad de San Andr\\xe9s (Argentina), Georgetown University and the University of Chicago. He has worked on various research projects and has published a number of papers.\\n\\nProfessionally within the Central Bank he has acted as Monetary Programming Chief (1991-1992), Advisor to the Economic Studies Manager (1999-2001) and Economic Studies Manager (2001-2004).\\n\\nHe later moved to the USA to work for the World Bank as Senior Economist (2004-2006). From 2006 until his designation as President of the BCP he worked for the IMF as Senior Economist in the Africa, Europe and Western Hemisphere departments, and from 2011 onwards he was Resident Representative of the IMF for Brazil and Bolivia.\\n\\nIn 2015, 2016 and 2017, Global Finance awarded him Best Central Bank Governor of the Year. In 2017, The Banker (from the Financial Times Group) named him Central Banker of the Year -the Americas. In the same year, 2017, Mr. Fernandez has been awarded as the Central Bank Governor of the Year, being the first Latin American Governor prizewinner by Central Banking.'