How Did Latin America Avoid the Global Financial Crisis? Lessons and Challenges
José De Gregorio, Former Governor, Central Bank of Chile
Antoine van Agtmael, Sunrise Foundation
Peterson Institute for International Economics, Washington, DC
September 24, 2012
José De Gregorio, professor of economics at the University of Chile and former governor of the Central Bank of Chile, discussed Latin America's ability to largely avoid the current global financial crisis and its significance for emerging markets. His speech on September 24, 2012, marked the inauguration of the Peterson Institute's new Sunrise Foundation Lecture series, which features top economists in emerging markets. C. Fred Bergsten, director of the Institute, and Antoine van Agtmael, Sunrise Foundation, led a panel discussion with De Gregorio following his lecture.
De Gregorio is widely viewed as one of the leading economists and policymakers in Latin America. He was a member of the central bank's board and vice governor from 2003 before becoming governor in 2007 and was previously (2000–2001) a "tri-minister" of his government, acting as minister over the combined portfolios of the economy, energy, and mining. He was named "Best Central Bank President in Latin America for 2008" by the Banker, among other awards he has received throughout his career. From 1990–94, De Gregorio worked in the research department of the International Monetary Fund and participated in IMF missions to several key countries, including Italy and Spain. The Sunrise Foundation Lecture series is sponsored by Antoine van Agtmael, the principal founder and former Chairman of Emerging Markets Management and executive of the World Bank and the International Finance Corporation.