Guillermo Calvo

Professor of Economics, International and Public Affairs at Columbia University

Guillermo Calvo is Professor of Economics, International and Public Affairs at Columbia University. He is the former Chief Economist of the Inter-American Development Bank (2001-2006). He graduated with a Ph.D. from Yale in 1974. His present positions include: Research Associate at the National Bureau of Economic Research (NBER); and President of the International Economic Association until 2008. He has held tenured positions at Columbia University (1973-1986), the University of Pennsylvania (1986-1989), and the University of Maryland (1993-2006).

He was Senior Adviser in the Research Department of the IMF (1988-1993), and afterwards advised several governments in Latin America and Eastern Europe. Moreover, he was President of the Latin American and Caribbean Economic Association (LACEA). Honors include: Simon Guggenheim Foundation Fellowship for 1980-1981, King Juan Carlos Prize in Economics in 2000, LACEA 2006 Carlos Diaz-Alejandro Prize; and Fellow of the Econometric Society, the American Academy of Arts and Sciences, and the National Academy of Economic Sciences (Argentina). On April 15-16, 2004, the Research Department of the IMF sponsored a conference in his honor. He has testified before the U.S. Congress on dollarisation and the 1994 Mexican crisis.

His main field of expertise is macroeconomics of emerging market and transition economies. His recent work has dealt extensively with capital flows and balance-of-payments crises in emerging market economies. He has published several books and more than 100 articles in leading economic journals. His latest book Emerging Capital Markets in Turmoil: Bad Luck or Bad Policy? was published in 2005 by MIT Press, Cambridge, MA.

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