J
orge
PONCE
September2019Professional Economic Research Dept. Address Central Bank of Uruguay
777JP Fabini
11100Montevideo Uruguay
Phone +598 2 1967 1521 Fax +598 2 1967 1509 E-mail [email protected]
Education
PhD in Economics, Toulouse School of Economics, France,2009
Diplôme Européen d’Economie Quantitave Approfondie, University of Toulouse, France,2007 Master DEA in Financial Markets and Intermediaries, University of Toulouse, France,2006 Master in International Economics, Universidad de la República, Uruguay,2004
Economist, Universidad de la República, Uruguay,2001 Current positions
Head of Economic Research, Banco Central del Uruguay,2018– present
Research Fellow, Agencia Nacional de Investigación e Innovación,2010– present Professor of Economics, Universidad de la República,2004– present
Former positions
Head of the Financial Stability Dept., Banco Central del Uruguay,2012–2018 Research Economist, Banco Central del Uruguay,2002–2012
Professor of Finance and Economics, Universidad de Montevideo,2010–2016 Research Assistant, Toulouse School of Economics,2007–2009
Teacher Assistant of Corporate Finance, Toulouse School of Economics,2008–2009 Teacher Assistant of Mathematics for Finance, Universidad de la República,1999–2004 Credit Analyst, Banco de la República Oriental del Uruguay,1992–2002
Other professional activities
Referee for: Journal of Money, Credit and Banking, Theoretical Economics, Journal of Banking and Finance, Journal of Financial Stability, Economic Systems, Monetaria, Revue Française d’Economie, International Research Journal of Management and Business Studies, Economic Notes, Revista de Economía de la Universidad del Rosario, Agencia Nacional de Investigación e Innovación, Banco Central del Uruguay.
Awards,honors and grants Third Prize, Central Bank Economics and Finance Award, Brazil,2017
First Prize, Premio Nacional de Economía Profesor Raúl Trajtenberg, Uruguay,2008 Third Prize, Premio Dr. Manuel Noriega Morales, Guatemala,2005
European Economic Association Travel Award,2008and2009
Jean-Jacques Laffont Foundation – Toulouse School of Economics Scholarship,2007–2009 University of Toulouse Research Scholarship,2006–2007
Published articles,books and book chapters
1. Systemic Risk: History, Measurement and Regulation. (With Yvonne Kreis and Dietmar Leisen) World Scientific,2019.
2. “The cost of using cash and checks in Uruguay.” (With Marcelo Álvez and Rodrigo Lluberas)
Journal of Central Banking Theory and Practice, forthcoming.
3. “Key Aspects around Financial Technologies and Regulation.” (Chairman)Policy report, Fintech
Regulatory Aspects Working Group (REG WG), CEMLA,2019.
4. “Systemic risk and insurance regulation.” (With Fabiana Gómez)Risks,6(1),2018.
5. “Central bank digital currency: The Uruguayan e-Peso case.” (With Mario Bergara) Chapter7 in Do We Need Central Bank Digital Currency? Economics, Technology and Institutions, Edited by Ernest Gnan and Donato Masciandaro,2018.
6. “Regulation and bankers’ incentives.” (With Fabiana Gómez)Journal of Financial Services
Re-search,2018.
7. “Flexible and Mandatory Banking Supervision.” (With Alessandro De Chiara and Luca Livio)
Journal of Financial Stability,34,86- 104,2017.
8. “How disruptive are Fintechs?” (With Mario Bergara)Monetaria,2017.
9. “Comités de Estabilidad Financiera: Conceptos y Experiencias.” Economía Coyuntural, 1(2), 2016.
10. Regulación económica para economías en desarrollo. Edited with Rosario Domingo and Leandro Zipitría,2016.
11. “Instituciones regulatorias para economías en desarrollo.” Chapter4 in Regulación económica
para economías en desarrollo,2016.
12. Domestic assets prices, global fundamentals and financial stability. Edited with Gerardo Licandro, 2015.
14. “Requerimiento de capital contra-cíclico: el caso uruguayo.” (With Cecilia Dassatti, Alejandro Pena and Magdalena Tubio)Monetaria,2,2015.
15. “Precio de fundamentos para las viviendas en Uruguay.” Monetaria,2,2015.
16. “Systemic banks and the lender of last resort.” (With Marc Rennert) Journal of Banking and
Finance,50,286-297,2015.
17. “Financial Stability Committees: An Institutional Response to New Challenges” (With Mario Bergara and Gerardo Licandro) Chapter10inChallenges to Financial Stability Perspective, Models
and Policies Volume II: Towards the Financial Stability Macroprudential Policy and Perspective,2014. 18. “Bank competition and loan quality.” (With Fabiana Gómez)Journal of Financial Services
Re-search,46(3),215-233,2014.
19. “Regulatory capture and banking supervision reform.” (With Pierre Boyer)Journal of Financial
Stability,8(3),206-217,2012.
20. “The quality of credit ratings: A two-sided market perspective.” Economic Systems,36(2),294 -306,2012.
21. “Red de estabilidad financiera: complementando y reforzando las perspectivas micro- y macro-prudenciales.”Revista de Economía,19(2),91-109,2012.
22. “Central Banks and Banking Supervision Reforms.” (With Pierre Boyer) Chapter 6 in Mas-ciandaro and Eijffinger (Eds.) Handbook Of Central Banking, Financial Regulation and Supervision. London: Edward Elgar,2011.
23. “Institutions and soft budget constraints.” (With Mario Bergara and Leandro Zipitría)
Interna-tional Review of Accounting, Banking and Finance,3(2),41- 66,2011.
24. “Lender of Last Resort Policy: What Reforms are Necessary?”Journal of Financial
Intermedia-tion,19(2),188-206,2010
25. “A Normative Analysis of Banking Supervision: Independence, Legal Protection and Account-ability.”Money AffairsXXIII(2),2010
26. “Depositors’ Discipline in Uruguayan Banks.” (With Virginia Goday and Bertrand Gruss),
Revista de Economía,12(2),2005
27. “¿Quién debe actuar como prestamista de última instancia? El caso bimonetario.” Revista de
Economía,12(1),2005
28. “Una nota sobre empalme y conciliación de series de Cuentas Nacionales.”Revista de Economía, 11(2),2004
29. “Estrategia, estructura y rentabilidad de la banca privada uruguaya: 1992 - 1999.” Revista de
30. “Una nueva estimación de la eficiencia técnica en el sistema bancario privado de Uruguay: 1992-1999.” (With Ruben Tansini),Working Papers Serie of the Economics Department,2001
Working papers
1. “Commercial and financial debt network in Uruguay.” (With Andrea Barón, Victoria Land-aberry and Rodrigo Lluberas), BCU,2019.
2. “Technology, Structure and Competition in the Uruguayan Banking Industry.” (With Miguel Mello), BCU,2019.
3. “The cost of cash and checks in Uruguay.” (With Marcelo Álvez and Rodrigo Lluberas), Working paper of the Central Bank of Uruguay
4. “Countercyclical prudential tools in an estimated DSGE model.” (With Serafín Frache and Javier García-Cicco), Working paper of the Central Bank of Uruguay
5. “A DSGE model for financial stability.” (With Serafín Frache and Javier García-Cicco), Working paper of the Central Bank of Uruguay
6. “The determinants of Uruguayan households indebtedness.” (With Miguel Mello) Working paper of the Central Bank of Uruguay
7. “Precios de inmuebles: aproximaciones metodológicas y aplicación empírica.” (With Mag-dalena Tubio) Working paper of the Central Bank of Uruguay
8. “Precios de viviendas: una metodología para evaluar desvíos respecto a sus fundamentos.” Working paper of the Central Bank of Uruguay.
9. “Financial stability nets: Complementing and reinforcing micro and macro perspectives.” (With Mario Bergara and Gerardo Licandro) Working paper 2.2012 of the Central Bank of Uruguay
10. “Situación y perspectivas del mercado de seguros en Uruguay” (With Verónica Rodríguez) Working paper3.2012of the Central Bank of Uruguay
11. “Estabilidad financiera: conceptos básicos.” (With Magdalena Tubio) Working paper4.2010of the Central Bank of Uruguay
12. “Bank competition, screening and loan quality.” (With Fabiana Gómez) Working paper5.2010 of the Central Bank of Uruguay
13. “Intercambio de información en mercados de crédito: una revisión de la literatura.” Working paper6.2010of the Central Bank of Uruguay
15. “Budgetary Institutions for Fiscal Consolidation: OECD Versus Latin American Countries.” (With Pierre Boyer, Teresa Curristine and Laura Recuero) Working paper of Toulouse School of Economics
16. “Banking Safety Nets: Information Issues.” Working paper 3.2006 of the Central Bank of Uruguay
17. “Banking Safety Nets for Latin American Countries.” Working paper of Toulouse School of Economics
18. “Avances y agenda pendiente de la desdolarización en el Uruguay.” (With Gerardo Licandro), Working Paper of the Central Bank of Uruguay
19. “Primas ajustadas al riesgo: Propuestas para el Seguro de Depósitos en Uruguay.” (With José Antonio Licandro and Rosario Soares Netto), Working Paper of the Superintendencia de Protección del Ahorro Bancario
Press articles
1. Who should decide on emergency liquidity assistance? VoxEU (http://www.voxeu.org/index. php?q=node/4494)
2. La supervisión financiera debe ser independiente. Diario El País (http://www.elpais.com.uy/ Suple/EconomiaYMercado/10/05/17/ecoymer−488760.asp)
RecentParticipation toSeminars andConferences
road to financial stability?, Federal Reserve Bank of Chicago and International Monetary Fund, Chicago, 2010. - Speaker at Finlawmetrics2009, Bocconi University, Milan. - Speaker at European Finance Association Meeting 2009, Bergen. - Speaker at European Economic Association Meeting 2009, Barcelona. - Speaker at the XXIV Annual Meeting of the Central Bank of Uruguay, Montevideo, Uruguay. - Speaker and discussant at the Annual Meeting of the French Financial Association, Lille, 2008. - Speaker at Finlawmetrics 2008, Bocconi University, Milan. - Speaker at the 23rd Annual Congress of the European Economic Association, Milan,2008.
Languages andComputerSkills Languages: Spanish, Native. English, Fluent. French, Proficiency.
