Alberto Ortiz Bolaños is a Financial Economist with Executive Management, Research and Teaching expertise. From December 2018 to July 2021 he was Director General of Instituto Fonacot, the largest payroll credit institution in Mexico. Prior to that, he was Manager of Economic Research at the Center for Latin American Monetary Studies (CEMLA) and Research Professor at EGADE Business School of Tecnológico de Monterrey.
At Instituto Fonacot he administered and legally represented the institution which, during his 31 month tenure, had a 36% increase in assets, a 25% increase in credit portfolio and a 57% increase in capital, while the Annual Percentage Rate (APR) on credits were lowered, for the first time in more than a decade, going from 43.5% to 30.4%.
His main research areas are 1) the study of macrofinancial linkages; 2) the measurement of the sources of economic fluctuations in emerging markets; and 3) the analysis of macroeconomic and financial regulation policies.
Among other phenomena, he has analyzed the economic consequences of credit market imperfections and the role of monetary policy and credit contract indexation in economic stabilization; has compared the relative importance of domestic and foreign factors in emerging market economic fluctuations and the role and interaction of monetary and fiscal policies for economic outcomes; and has also studied the determinants of capital buffers in a panel of more than 7,000 banks across 143 countries and he has analyzed the role of banks’ net stable funding ratio in explaining future financial instability.
At CEMLA, Dr. Ortiz conducted research in the above mentioned areas and designed and delivered services for central banks in Latin America and the Caribbean through conferences, seminars, courses and other research related activities, many of them coordinated with technical partners such as IMF, BIS, ECB, and the Bank of England, among others. An important contribution was the coordination of research activities among several central bank researchers through the Joint Research program, the internship program and the on-line research seminars.
Regarding his academic activities, Dr. Ortiz has taught courses on Microeconomics of Banking, Market Failure in Financial Markets, Macroeconomic Theory, Money and Banking, Open Macroeconomics, Economic Development, Mathematical Methods for Economists, Economic Environment of the Organization, Fundamentals of Global Business, Fundamentals of Economics and International Financial Policy at Boston University, Oberlin College and Harvard University.
He earned his Ph.D. in Economics from Boston University in 2009, having previously acquired a Master Degree in Political Economy at the same institution and a Bachelor Degree in Economics from the Centro de Investigación y Docencia Económicas (CIDE) in 2002.