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Jonathan Malagón on Central banking in Latin America

Published: 01st March 2019 Last updated: 22nd July 2020

External factors or monetary shocks are still the decisive factors of monetary policies in Latin America. ECB's Quantitative Easing policy is a strong example for this, argues Jonathan Malagón González, who held his PhD Defense on December 1st at Tilburg University.

Look and listen to an interview with Jonathan Malagón, after he successful defended his dissertation.

YouTube video - drag me

The ceremony was chaired by professor Lans Bovenberg (Tilburg U, in the video with yellow scarf). The PhD committee consisted of professor Sylvester Eijffinger (supervisor, Tilburg U), professor Harry Huizinga (supervisor, Tilburg U), professor Guillermo Calvo (Columbia U, NY), professor Jose Antonio Ocampo (Colu,bia U, NY), professor Casper de Vries (EUR) and professor Jakob de Haan.

Jonathan Malagón is currently the Vice-President of the Colombian Banking Association (ASOBANCARIA) and professor at the National University of Colombia. He received a BSc in Economics (summa cum laude) from the National University of Colombia, a BSc in Management from the London School of Economics (LSE) and holds three Master's (Finance, Barcelona; Banking, Madrid, Economic Policy, Columbia University, NY).

The dissertation consists of four empirical essays that study key elements of central banking in Latin America in a context of balance of payment dominance.The first essay analyses the exchange rate policy throughout the concept of fear of floating. The second essay examines the impact of external shocks on financial stability and the role of Basel regulations on its migration. The third paper measures the financial spillovers of developed economics' conventional and unconventional monetary policy over the Latin American financial markets. The last paper assesses the effectiveness and determinants of monetary policy rate under balance of payments dominance.