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A Conversation with Banxico's Guzman
Conference Call

Banxico Remains the Most Hawkish CB in the Region

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Javier Guzman


Deputy Governor, Banco de Mexico

Javier Guzmán Calafell holds a B.A. in economics from the National Autonomous University of Mexico (UNAM), where he graduated with honors in 1976. He also has two masters’ degrees in economics, one from the University of Leuven and the other from Yale University. He joined the Banco de México in 1980, where he held different top level positions such as Director of External Relations and Director of International Affairs.

From 1994 to 1999, he served as an Advisor, Alternate Executive Director, and Executive Director at the International Monetary Fund, representing Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Spain, and Venezuela.

He also worked as an advisor for Ernesto Zedillo, former President of Mexico, in the High Level Group on Financing for Development, established by the UN Secretary General in support of the International Conference on Financing for Development in Monterrey.

In 2008, the Center for Latin American Studies’ (CEMLA) Assembly elected him General Director of that institution. He held that position from January 2010 to February 2013.

He was a professor of economics and international finance in the Master of Business Administration and the Master of Business Economics programs at the Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM), Mexico City campus.

He is the author of many articles in international trade and finance, foreign debt, capital flight, monetary and exchange rate policy, and international organizations, among others. He has also been editor/coordinator of the books: APEC: “Improving the Allocation of Domestic Saving for Economic Development”; 2003; G20: “Institution Building in the Financial Sector” (with Jüergen Stark, Deutsche Bundesbank), 2005; G20: “Economic Growth” (with Monde Mnyande, South African Reserve Bank, and He Jianxiong, The People’s Bank of China), 2006; G20: “Competition in the Financial Sector” (with Miranda S. Goeltom, Bank of Indonesia), 2008; CEMLA/SEACEN: “The Implementation of Monetary Policy: Lessons from the Crisis and Challenges for Coming Years” (with A.G. Karunasena, The SEACEN Centre), 2012, and CEMLA: “Central Bank Cooperation at the Beginning of the 21st Century”, CEMLA 60th Anniversary Conference, 2012.

Mr. Guzmán was a G20 Deputy from 1999 to 2009, and has assumed this position again since 2018.

Javier Guzmán Calafell will serve as Deputy Governor of the Banco de México from February 14, 2013 to December 31, 2020.


Chief Economist Latin America

Mr. Berber is a senior member of the CIB Americas team of economists, focused on providing analysis and forecasts for countries in Latin America.

He has 18 years of financial services experience and joined Natixis from Nomura Securities, where he was Senior Economist, Latin America.  Earlier in his career, he worked as an economist at RBS, HSBC Securities, Moody’s Investor Service and IDEAglobal.

Mr. Berber holds a B.S. in Economics from Instituto Tecnológico Autónomo de México and a M.A. in Economics from Duke University.

Baptiste MERLOT, avocat à la cour

This event is not open to the press

About Natixis

Natixis is a French multinational financial services firm specialized in asset & wealth management, corporate & investment banking, insurance and payments. A subsidiary of Groupe BPCE, the second-largest banking group in France through its two retail banking networks, Banque Populaire and Caisse d'Epargne, Natixis counts nearly 16,000 employees across 38 countries. Its clients include corporations, financial institutions, sovereign and supranational organizations, as well as the customers of Groupe BPCE's networks. Listed on the Paris stock exchange, Natixis has a solid financial base with a CET1 capital under Basel 3(1) of €11.3 billion, a Basel 3 CET1 Ratio(1) of 11.4% and quality long-term ratings (Standard & Poor's: A+ / Moody's: A1 / Fitch Ratings: A+). 

(1) Based on CRR-CRD4 rules as reported on June 26, 2013, including the Danish compromise - without phase-in

Figures as at 31 March 2020



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