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She is also the chair of the Latin American Committee on Macroeconomic and Financial Issues (CLAAF) and Adjunct Professor at the School of International and Public Affairs at Columbia University, New York. From March 1998 to October 2000, she served as managing director and chief economist for Latin America at Deutsche Bank. Before joining Deutsche Bank, Rojas-Suarez was the principal advisor in the Office of Chief Economist at the Inter-American Development Bank. Between 1984 and 1994 she held various positions at the International Monetary Fund, most recently as deputy chief of the Capital Markets and Financial Studies Division of the Research Department. She has been a visiting fellow at the Institute for International Economics, a visiting advisor at the Bank for International Settlements and at the Central Bank of Spain. She has also served as a professor at Anahuac University in Mexico and advisor for PEMEX, Mexico’s National Petroleum Company. Rojas-Suarez has also testified before a Joint Committee of the U.S. Senate on the issue of dollarization in Latin America.
She has published widely in the areas of macroeconomic policy, international economics and financial markets in a large number of academic and other journals including Journal of International Economics, Journal of International Money and Finance, Journal of Development Economics, Journal of Contemporary Economic Policy, International Monetary Fund Staff Papers. She has also published or being cited in prestigious newspapers such as the Financial Times, the Wall Street Journal and the Washington Post. She is also regularly interviewed by CNN en Español.
Michael P. Dooley & Donald J. Mathieson & Liliana Rojas-Suarez, 1997. "Capital Mobility and Exchange Market Intervention in Developing Countries" NBER Working Papers 6247, National Bureau of Economic Research, Inc.
Rojas-Suarez, L & Weisbrod, S-R, 1997. "Financial Markets and the Behavior of Private Savings in Latin America" Working Papers 340, Inter-American Development Bank, Research Department.
McNelis, P.D. & Rojas-Suarez, L., 1996. "Exchange rate depreciation, Dollarization and Uncertainty: A Comparison of Bolivia and Peru" Working Papers 325, Inter-American Development Bank, Research Department.
Rojas-Suarez, L. & Weisbrod, S.R., 1996. "Banking crises in Latin America: Experience and Issues" Working Papers 321, Inter-American Development Bank, Research Department.
Rojas-Suarez, L. & Weisbrod, S.R., 1996. "Building Stability in Latin American Financial Markets" Working Papers 320, Inter-American Development Bank, Research Department.
Rojas-Suarez, L. & Weisbrod, S.R., 1996. "Managing Banking Crises in Latin America: The Di's and Don'ts of Successful Bank Restructuring Programs" Working Papers 319, Inter-American Development Bank, Research Department.
Rojas-Suarez, L. & Weisbrod, S., 1994. "Achieving Stability in Latin American Financial Markets in the Presence of Volatile Capital Flows" Working Papers 304, Inter-American Development Bank, Research Department.
CGD senior fellow Liliana Rojas-Suarez explains the key findings of her new book, Growing Pains in Latin America, in a Q&A, a CGD policy brief, and short videos in English and Spanish. The book offers practical recommendations for delivering sustainable, equitable growth to the region, drawing on a new policy framework and case studies of Brazil, Colombia, Costa Rica, Mexico, and Peru.
Mervyn King, governor of the Bank of England, has urged radical reform of the IMF, including a greater role for large developing countries in how the IMF is run. CGD senior fellow Liliana Rojas-Suarez, an international finance expert who worked previously on Wall Street and for the IMF, agrees with King on governance issues and predicts that change is inevitable. But she disagrees with King's assertion that the IMF's role as lender of last resort is history.
The attached slides illustrate my views on the causes, consequences and outlook of the international financial crisis that emerged in June 2007 with the US sub-prime crisis. Three major points are emphasized. First, although the upward trend in commodity prices, including oil and food, respond to structural factors, the recent acceleration of these prices are closely related to the financial crisis. Second, the resolution of the financial crisis will imply a deterioration of macro fundamentals in the US, especially the fiscal deficit; this will exert upward pressures on the long-term interest rates and further depreciation of the US dollar relative to Asian currencies. Third, prices of oil and food will remain above trend as long as the financial crisis is not resolved. This will hurt growth prospects of many developing countries. I have presented versions of these slides at a number of conferences and policy seminars worldwide during the past year.