Said development is welcome, because, he added, it provides the opportunity for greater benefits for holders of financial resources as well as users and intermediaries. “All this translates into greater possibilities of financing the growth of the national economy.
Caveat
Mancera Aguayo warned that the financial system “entails serious dangers”, such as those that led to the 2008 crisis and “dangers that are now on the horizon.”
“In that year of 2008, the crisis came from a combination of the massive use of questionable derivative instruments, on the one hand, with a great expansion of credit, on the other. Today, the most obvious dangers stem mainly, but not only, from the heavy use that has been made by the world’s major central banks of their ability to create money, combined with massive government borrowing in some of the world’s largest countries. developed,” he warned.
your trajectory
Miguel Mancera Aguayo has a degree in Economics from the Autonomous Technological Institute of Mexico (ITAM), a master’s degree from Yale University and a doctorate honorary cause by ITAM.
He worked at the Banco de Comercio and later at the Public Investment Commission.
In 1958 he arrived at Banco de México, of which he was general director from 1982 to 1994. That year the period of autonomy of Banxico began and Mancera Aguayo was its first governor, a position he left in 1997.
Miguel Mancera taught at ITAM, the Escuela Libre de Derecho, at the Center for Latin American Monetary Studies.
He received the Rey Juan Carlos I Prize for Economics in 1992 for his contribution to Mexican economic policy; as well as the Woodrow Wilson Award for his public service in 2010; He also received the decorations of Grand Officer of the Order of Rio Branco from the Government of Brazil and Officer of the Legion of Honor from the Government of France.
The award
“This award (Alex Anderson) intends to recognize characters, men and women, who have made a significant contribution to the professional and ethical development of financial markets in Mexico,” Lázaro explained before presenting the recognition to Mancera. Aguayo.
Alex Anderson was born in Ireland, where he lived for several years before arriving in Mexico, so the trophy that bears his name has the figure of an Irish harp with the legend in Gaelic “Giorraíonn beirt bothar” which in Spanish means: two people shorten the way.
“Wow, with Alex we shortened many paths,” acknowledged the president of the CFA Society Mexico.
Alex Anderson, who passed away in June 2021, promoted CFA certifications in the country and founded the CFA Society Mexico.
