Position Title
Director of the Macrofinancial Risk Analysis Directorate at Banco de Mexico
Martin Tobal serves as the Director of the Macrofinancial Risk Analysis Directorate at Banco de Mexico, an area focused on preparation of analytical material for the Monetary Policy Committee Meetings and for the Financial Stability Report of the central bank. He holds a Ph.D. in Economics from the University of California, San Diego (UCSD), an MA and a BA, both with honors, from the University of Valencia, Spain, and a BA with honors from the University of Nantes, France. Previously, he worked as the Manager of the Unit of Real Sector Research Analysis at Banco de Mexico, as an advisor to the chief economist of the central bank, as a senior economist in the Unit of International Affairs and as the Deputy Manager of the Macroeconomics Research Department at the Center for Latin American Studies (CEMLA). He published research papers in the areas of international macrofinance, international trade and banking. His contributions cover topics such as the effects of service offshoring on wages, the welfare implications of intra-industry trade, vertical differentiation and banking competition, currency mismatches and financial stability in emerging market economies and the effect of capital flows in the monetary policy making of these countries.