Augusto de la Torre, a national of Ecuador, is the Chief Economist for Latin American and the Caribbean. Since joining the World Bank in 1997, he has held the positions of Senior Advisor in the Financial Systems Department and Senior Financial Sector Advisor, both in the Latin America and the Caribbean region. From 1993 to 1997, Mr. de la Torre was the head of the Central Bank of Ecuador, and in November 1996 was chosen by Euromoney Magazine as the year’s "Best Latin Central Banker." From 1986 to 1992 he worked at the International Monetary Fund, where, among other positions, he was the IMF’s Resident Representative in Venezuela (1991-1992). | 
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Mr. de la Torre has published extensively on a broad range of macroeconomic and financial development topics. He is a member of the Carnegie Network of Economic Reformers. He earned his M.A. and Ph.D. degrees in Economics at the University of Notre Dame and holds a Bachelors degree in Philosophy from the Catholic University of Ecuador. Contact information: Email: Adelatorre@worldbank.org
Recent Papers and Publications: 
Fair Growth: Economic Policies for Latin America's Poor and Middle-Income Majority (with N. Birdsall and R. Menezes) (2008). Center for Global Development and Inter-American Dialogue. Versa Press.
The Basic Analytics of Access to Financial Services, Financial Markets, Institutions & Instruments (with T. Beck). Vol. 16, No. 2. Financial Development: Maturing and Emerging Policy Issues (with J. C. Gozzi, and S. Schmukler) World Bank Research Observer (2007). Emerging Capital Markets and Globalization: The Latin American Experience (with S. Schmukler) Stanford University Press and the World Bank (2007). Capital Market Development: Whither Latin America?” In Strengthening Global Financial Markets (with J. C. Gozzi, and S. Schmukler) (2007). IASE/NBER Volume, ed. M. Garcia and S. Edwards. Chicago: University of Chicago Press. Innovative Experiences in Access to Finance: Market Friendly Roles for the Visible Hand? (with J. C. Gozzi, and S. Schmukler) (2007). World Bank Working Paper No. 4326. Financial Development in Latin America: Big Emerging Issues, Limited Policy Answers (with J. C. Gozzi, and S. Schmukler) (2006). World Bank Working Paper No. 3963. Stock Market Development under Globalization: Whither the Gains from Reforms? (with J. C. Gozzi, and S. Schmukler) 2006. World Bank Working Paper No. 4184. Whither Capital Markets. 2004
Chile: Financial Sector Assessment 2004. (PDF)
Coping with Risk Through Mismatches2003. (PDF), (with S. Schmukler).
Financial Sector Assessment Costa Rica.2003. (458K PDF), (the FSAP was led with A. Ize).
Living and Dying with the Hard Pegs: The Rise and Fall of Argentina's Currency Board. 2003. (260K PDF) (with E. Levy and S. Schmukler). Economia. Spring.
Financial Globalization: Unequal Blessings.2003. (PDF), (with E. Levy and S. Schmukler). International Finance, Vol. 5, No. 3, pp. 335-357.
Financial Sector Assessment Mexico.2002. ( 95K PDF) , (the FSAP was led with A. Leone).
Argentina's Financial Crisis: Floating Money Sinking Banking. 2002. (253K PDF), (with E. Levy and S. Schmukler).
La Reforma Económica y la Nueva Legitimidad. 2002. (166K PDF) Economía Exterior 22:61-74.s
Washington Contentious: Economic Policies for Social Equity in Latin America.2001. (PDF) (with N. Birdsall).
Ecuador Crisis in the Late 1990's: Banking, Currency and Debt Meltdown. 2001. (PDF), (with R. Garcia-Saltos and Y. Mascaro).
Resolving Bank Failures in Argentina. Recent Developments and Issues. 2000. (197K PDF).Policy Research Working Paper 2295. The World Bank.
Recent Presentations
Fair Growth: Economic Policies for Latin America's Poor and Middle-Income Majority
Latinoamérica frente a la Recesión en EE.UU. The Growth and Trade in Latin America: Issues and Prospects The Sub-Prime Crisis and Latin America's Immune System Brazil Interest Rates and Intermediation Spreads: Why so high? Latin American Capital Markets: Stylized Facts, Recent Developments, and Issues Bank Regulation and Financial Development
Resolución de Bancos Insolventes
Argentina's Financial Crisis
Whither LAC Securities Markets?
Origins and types of Financial Crises
Latest Generations of Financial Crises
Legal Framework and Bank Insolvency
Loan Classification and Provisionaing
Coping with Risk through Mistmaches
Role of Supervision in Crises
Role of Governments in Credit Markets
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