Curriculum Vita

Fields of Concentration

Finance. International Finance. Economic Theory

Professional Experience

Research Department.International Monetary Fund. Visiting Scholar. August 2009-August 2010.

Department of Economics, George Washington University, Assistant Professor of Economics and International Affairs. 2005-present.

Education

Ph.D., Department of Economics, Yale University. December 2005.
M.Phil. Department of Economics, Yale University. 2002
M.A. Department of Economics, Yale University. 2001.
M.A. Mathematics and Economics, IMPA. Instituto de Matematica Pura e Aplicada. (Rio de Janeiro, Brazil). 1999
B.A. Economics, Universidad de la Republica. (Montevideo, Uruguay). 1996

Research

Publications

“Tranching, CDS and Asset Prices: How Financial Innovation can Cause Bubbles and Crashes.”

Joint with John Geanakoplos.
Forthcoming AEJ: Macroeconomics.

“Why Does Bad News Increase Volatility and Decrease Leverage?”

Joint with John Geanakoplos.
Cowles Foundation Discussion Paper CFDP 1762.
Forthcoming Journal of Economic Theory

“Persistent Gaps and Default Traps.”

Joint with Luis Catão and Sandeep Kapur.
Journal of Development Economics . 2009 89, 271–284.
Earlier working paper versions: IMF Working Paper No. 07/148

“Leverage Cycles and The Anxious Economy.”

Joint with John Geanakoplos
Lead article American Economic Review 2008, 98:4, 1211-1244.
Earlier working paper versions: Cowles Foundation Working Paper CFDP 1468 and CFDP 1468R

“Collateral Restrictions and Liquidity Under Supply: A Simple Model”.

Joint with with John Geanakoplos.
Economic Theory Vol. 24, 1. 211-219.
Economic Theory 2008 35:441-467.
Earlier working paper versions: Cowles Foundation Working Paper CFDP 1646

“Latin America’s Access to International Capital Markets: Good behavior or Global Liquidity?”

Joint with Graciela Kaminsky.
In Kevin Cowan, Sebastian Edwards, and Rodrigo Valdes (eds) Current Account and External Financing, Central Bank of Chile, 2007.
Earlier working paper versions: NBER Working Paper 13194.

“Two New Proofs of Afriat’s Theorem”.

Joint with with Herbert Scarf and Michael Todd.
Economic Theory Vol. 24, 1. 211-219.
Earlier working paper versions: Cowles Foundation Discussion Paper CFDP 1415.

Other Publications

“Default Traps”.

Joint with Luis Catão and Sandeep Kapur.
Chapter in "Sovereign Debt: From Safety to Default" Edited by Robert W. Kolb.Wiley & Sons.

Working Papers

“Endogenous Leverage: VaR and Beyond”

Joint with John Geanakoplos.

“Sudden Stops and Sovereign Defaults”

Joint with Luis Catão and Romain Ranciere.

“Leverage and Asset Prices: An Experiment.”

Joint with Marco Cipriani and Daniel Houser.

Work in Progress

“Leverage: A Survey.”

Joint with John Geanakoplos.

“Default Premium”

Joint with Luis Catão and Guido Sandleris.

“Interest Rates, Margins and Deviations from Law of One Price.”

Joint with Cecilia Chen, Marco Cipriani and Daniel Houser.

Fellowships, Honors, and Awards

GWIPP Policy Research Scholar 2007-2008.
Raymond Powell Teaching Prize. Yale University. 2002-2003.
Carl Anderson Fellowship, Cowles Foundation. Yale University. 20042005.
Yale Center for the Study of Globalization Summer Fellowships. 2004.
Annual Cowles Foundation Prize. Yale University. 2002 and 2003.
Cowles Foundation Prize. Yale University.
2000-2004. Graduate School of Art and Sciences Fellowship.
Yale University. 2000-2005
Instituto de Matematica Pura e Aplicada. IMPA. CNPQ Fellowship. Brazil. 1996-1999.

Academic Activities

Conference Organization

2011

Seventh Annual Cowles Conference on General Equilibrium and its Applications. Yale University. April 29- May 1.

“Behavioral Finance”. Jointly organized by the Elliot School of International Affairs at George Washington University and the IMF Institute at the International Monetary Fund. May 26.

2010

Sixth Annual Cowles Conference on General Equilibrium and its Applications. Yale University. April 16-18.

“Financial Regulation and Supervision: Lessons from the Crisis”. Jointly organized by the Elliot School of International Affairs at George Washington University and the IMF Institute at the International Monetary Fund. May 26.

Conference and Seminar Presentations

2011

NBER. Summer Institute. July 13.

IMF. Research Department. March 9th.
AEA Annual Meetings. January 8th. Denver.

2010

Yeshiva University. November 22.
Rutgers University. November 16.
New York University. November 12.
Philadelphia Federal Reserve. November 8.
BCU. Montevideo Uruguay. October 26.
Georgetown University. October 1.
UCL. London. September 27.
NBER. IFM Summer Institute. July 12.
Research Department. IMF. April 28.
Macro Seminar. TAMU. April 20
Macro-International Seminar. GWU. April 7.
AEA Annual Meetings. Atlanta. January, 5.

2009

World Bank. Latin American Department. Seminar. April.

2008

Lacea-Lames. IMPA. Rio de Janeiro. Brazil. November 19-22.
International Finance Seminar. University of Pennsylvania. Wharton Business School. October 7.
International Finance Seminar. Harvard University Economics Department. September 24.
Banco Central del Uruguay. Jornadas Anuales, August 4-5.
NBER Summer Meeting. Boston, July 7-11.
North American Econometric Society, Pittsburgh, PA, June 19-21.

2007

UDELAR, Montevideo Uruguay. Macroeconomic Seminar, November 30, 2007.
Georgetown University. Macroeconomic Seminar, November 9th, 2007.
University of Maryland. Macroeconomics Seminar. May 7.
IMF Conference on Financial Globalization. April 26.
Third Cowles-Caress General Equilibrium Theory Conference. Yale University. April 20.
GWU Macro-International Seminar, April 11.
NBER International Finance Meeting. March 22.

2006

IMPA. Rio de Janeiro. Workshop of Mathematical Economics. December, 13-15.
Lacea/LAMES. Mexico. November 2-4.
XXI Jornadas Anuales, Banco Central del Uruguay. August, 20.
Universidad ORT Montevideo Uruguay. June, 15.
Yale University. Second Cowles-Caress Annual Conference. April, 20.
IMF. Research Seminar. April, 4.
John Hopkins-SAIS. March 9.
IDB Research Seminar. February 6.

2005

Universidad ORT. Montevideo Uruguay. December.
George Washington University. Macro-International Seminar. October.
George Washington University. Microeconomic Theory Seminar. September
XX Jornadas Anuales. Banco Central del Uruguay. August.

2004

Summer Camp in International Finance. Buenos Aires, Argentina. Torcuato di Tella.
December.
LAMES (Latin American Meeting of Econometric Society), July.
North American Econometric Society Meeting, June.

Teaching

International Economics. Master course. Fall 2010.
Topics in International Finance. Phd Course. George Washington University. Fall 2008 and 2010.
General Equilibrium Theory and International Finance. Universidad ORT. Summer 2006 and Summer 2008.
General Equilibrium Theory and International Finance. Universidad ORT. Summer 2006
Game Theory. Universidad ORT. Summer 2006.
International Economics. George Washington University. Fall 2005-Spring 2009.
Raymond Powell Teaching Prize. Yale University. 2002-2003.
Teaching Assistant, Undergraduate Mathematical Economics, Yale University, 2003
Teaching Assistant, Graduate Microeconomics, Yale University, 2003
Teaching Assistant, Undergraduate Mathematical Economics, Yale University, 2002
Instructor, Undergraduate Mathematical Economics, Universidad de la Republica, Uruguay.
1999-2000 Instructor, Undergraduate Analysis, Universidad de la Republica, Uruguay.
1999-2000
Instructor, Undergraduate Advanced Microeconomics, Universidad de Montevideo.
Uruguay. 1999-2000
Instructor. Graduate Dynamic Programming and Macroeconomics. Universidad de
Montevideo. Uruguay. 1999-2000
Teaching Assistant. Graduate Mathematical Economics. IMPA. Brazil. 1998.
High School Teacher of Mathematics. Montevideo,Uruguay.1992-1995.

PhD Student Supervision

Alejandro Guerson (Ph.D. 2005) (reader)
Amine Mati (PhD 2008) (reader)
Cigdem Akin (Econ, Ph.D. 2009) (second advisor)
Anastasia Guscina (PhD 2009) (second advisor)
Annete Kyobe (PhD expected 2010) (second advisor)
Yaroslava Babych (PhD expected 2010) (second advisor)

University Service

Co-organizer of the Macroeconomics and International Economics Seminar Series with Graciela Kaminsky, 2005-2009.
Member of the Economics Department PhD’s Committee, Spring 2006 to Present.

Visiting Positions

Research Department. IMF. 2009-2010.

ORT University. Montevideo. Uruguay. Summer 2006.
ORT University. Montevideo. Uruguay. Summer 2008.

Professional Affiliations

Econometric Society. American Economic Association . Latin American and Caribbean
Economic Association

Refereeing

American Economic Review. Journal of Development Economics. Journal of International Economics. Journal of Economic Theory. Econometrica. International Economic Review. Economic Theory. Berkeley Journal Theory. Economic Theory. Journal of Money Banking and Credit. Quarterly Journal of Economics.