Guido Sandleris Explained

Guido Sandleris
Office1:President of the Central Bank of Argentina
President1:Mauricio Macri
Term Start1:25 September 2018
Term End1:9 December 2019
Predecessor1:Luis Caputo
Successor1:Miguel Ángel Pesce
Office2:Secretary of Economic Policy
President2:Mauricio Macri
Term Start2:15 June 2018
Term End2:25 September 2018
Predecessor2:Sebastián Galiani
Successor2:Miguel Braun
Birth Date:11 May 1971
Education:University of Buenos Aires
Columbia University
London School of Economics
Party:Independent

Guido Sandleris (born 11 May 1971) is an Argentine economist who was President of the Central Bank of Argentina.[1] [2]

Early life and education

Sandleris was born to a middle-class Jewish family in Buenos Aires, Argentina. His grandfather had immigrated from Lithuania.[3] He graduated from the University of Buenos Aires, received a masters from the London School of Economics, and holds a doctorate from Columbia University.[4] [5] He taught Economics at Johns Hopkins University and Torcuato di Tella University.[1]

Private sector

In the private sector, he carried out consulting and research work for the World Bank, the Inter-American Development Bank, the General Treasury Office and in investment banks and Latin American governments in general.

Public sector

He was an advisor to the Minister of Economy José Luis Machinea (1999-2001).

Before taking charge of the Central Bank of Argentina in September 2018, he served as Secretary of Economic Policy of the Ministry of Treasury since 2016.[6]

Central Bank of Argentina

He assumed the presidency of the Central Bank of Argentina after the resignation of Luis Caputo at an extremely difficult time.[7]

As of October 2018, it implemented a strict monetary scheme that included a contraction plan for the monetary base based on high interest rates (from 60% to 70%).[8] [9]

He launched the Liquidity Letters, a tool from the Central Bank to limit the amount of money circulating in order to reduce inflation.[10]

In his administration, he applied exchange bands where the dollar could float freely.[11] [12] This was backed by the International Monetary Fund and worked perfectly until the outcome of the 2019 primary elections, when Argentine peso was devaluated 25%.[13] [14] [15]

After this new devaluation, he restricted the purchase of foreign currency by companies, and limited the purchase of dollars by individuals to a maximum of US $10,000 per month. After the october general election, restrictions restricted the purchase of dollars to 200 per month.[16] [17] [18]

He presented his resignation from the Central Bank with an inflation rate of 53% a few days before Alberto Fernández's arrival.[19] [20]

Other activities

Notes and References

  1. News: Millan . Carolina . Olivera Doll . Ignacio . Do Rosario . Jorgelina . Soccer-Loving Academic Pushed Into Hot Seat in Argentina . September 27, 2018 . Bloomberg . September 26, 2018.
  2. News: Mander . Benedict . IMF increases Argentina bailout package to $57bn . September 27, 2018 . Financial Times . September 26, 2018.
  3. News: Quién es Guido Sandleris, el terapeuta de shock al dólar . 31 May 2022 . Noticias . Perfil . 20 November 2018.
  4. Web site: Sandleris, Guido | Universidad Torcuato Di Tella. www.utdt.edu.
  5. Nicolas Misculin (September 25, 2018), Argentina names Sandleris as new central bank chief - statement Reuters.
  6. Web site: Guido Sandleris, nuevo Secretario de Política Económica del Ministerio de Hacienda de la Nación. June 11, 2018. Argentina.gob.ar.
  7. News: Argentina names Sandleris as new central bank chief. 25 September 2018. Reuters. 11 March 2019. https://web.archive.org/web/20181013172350/https://www.reuters.com/article/argentina-economy-sandleris/argentina-names-sandleris-as-new-central-bank-chief-statement-idUSE6N1PV04X. 13 October 2018. dmy-all.
  8. News: Qué es la base monetaria, la herramienta que usará el BCRA para controlar la inflación - LA NACION. La Nación.
  9. News: El dólar pasó los $42 y la tasa de interés se acerca al 66% anual - LA NACION. La Nación.
  10. News: Llega el fin de la "era de las Lebac ": opciones para invertir los pesos. December 16, 2018. La Nación.
  11. News: Inflación, emisión cero y bandas de no intervención: Las principales frases de Sandleris - LA NACION. La Nación.
  12. News: Freno al dólar. El Banco Central congela la banda cambiaria hasta fin de año - LA NACION. La Nación.
  13. Web site: Dólar en mínimo desde el inicio de la "zona". www.ambito.com.
  14. Web site: Dólar tuvo mayor suba diaria en era Sandleris: saltó 3,7% y rozó $ 40. www.ambito.com.
  15. Web site: Desde las PASO, los depósitos en dólares registraron caída del 40%. 3 November 2019.
  16. News: Cepo. Endurecen el cepo cambiario y sólo se podrán comprar US$200 mensuales. October 27, 2019. La Nación.
  17. Web site: Cepo "total": Sólo se podrán comprar 200 dólares por mes. 28 October 2019.
  18. News: Argentina imposes currency controls. Financial Times. September 2019. Mander. Benedict. Smith. Colby.
  19. Web site: La inflación de octubre fue de 3,3% y acumuló en doce meses una suba de 50,5%. Infobae.
  20. Web site: Guido Sandleris presentó su renuncia como presidente del Banco Central - TN.com.ar. December 4, 2019. Todo Noticias.
  21. https://www.fsb.org/organisation-and-governance/members-of-standing-committee-on-assessment-of-vulnerabilities/ Members of Standing Committee on Assessment of Vulnerabilities
  22. https://www.bcie.org/en/about-us/organizational-structure/governors/ Board of Governors
  23. http://www.iic.org/en/who-we-are/board-governors Board of Governors
  24. http://www.imf.org/external/np/sec/memdir/members.aspx Members
  25. http://siteresources.worldbank.org/BODINT/Resources/278027-1215526322295/BankGovernors.pdf Board of Governors
  26. http://siteresources.worldbank.org/BODINT/Resources/278027-1215526322295/MIGAGovernors.pdf Board of Governors

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