Augusto de la Torre has worked for the World Bank since 1997. As senior regional financial sector advisor for Latin America and the Caribbean, he provides technical and conceptual leadership to World Bank financial sector operations and research in the Region and is actively involved in the joint IMF-World Bank Financial Sector Assessment Program. In addition, he works closely with the Office of the Chief Economist for the Latin American and the Caribbean Region, focusing on macroeconomic and financial sector linkages and issues.
He headed the Central Bank of Ecuador from 1993-96. In November 1996, he was chosen by Euromoneyas the year's “Best Latin Central Banker.” He is also a member of the Carnegie Network of Economic Reformers.
From 1986-92, he was an economist with the International Monetary Fund and during 1991-92 was the IMF's resident representative in República Bolivariana de Venezuela.
Sergio L. Schmukler is lead economist in the Development Research Group at the World Bank. He obtained a Ph.D. from the University of California at Berkeley in 1997, when he started working as a young professional and young economist at the World Bank. Since joining the Bank, he has also worked continuously for the Office of the Chief Economist for Latin America and for the East Asia and South Asia regions.
Concurrent with his work for the World Bank, he has been treasurer of LACEA (Latin America and Caribbean Economic Association) since 2004, was associate editor of the Journal of Development Economics(2001-04), taught at the University of Maryland (1999-2003), and worked at the IMF Research Department (2004-05). Before joining the World Bank, he worked at the U.S. Federal Reserve, the Inter-American Development Bank, and the Argentine Central Bank.
His research areas are international finance and international financial markets and institutions. He has published many articles in several academic journals and books on emerging markets finance, exchange rate regimes, financial globalization, financial crises and contagion, and financial development.