Academic Experience Top

 
ACADEMIC DEGREES:
 

PhD in Political Economy:

Visiting Scholar:

 


MSc. in Economics:
MSc. in Economics and Finance:
Economist:
Senior Exchange:

University of Siena, Italy (Oct 2004 – Sep 2009).

Department of Economics,
New School for Social Research (NSSR),
New School University, NY (Oct 2006 – Jun 2009).
Supervisor: Prof. Edward J. Nell.

University of Siena, Italy (Jul 2005).
Warwick University, England (Sep 2003).
Central University of Venezuela (Oct 1999).
Mount Si, WA, USA (Jul 1994).

 
AWARDS:
 
  • Scholarship from the University of Siena, PhD program in Economics, Italy.

  • Scholarship from the Scientific and Humanistic Development Commission (CDCH) of the Central University of Venezuela for the PhD program in Economics at the University of Siena, Italy, and the Visiting Research Period at the New School for Social Research, NY, USA.

  • Scholarship from the University of Siena, MSc Program in Economics, Italy.

  • Scholarship from British Council for MSc Program in Economics and Finance at Warwick University, England.

  • Scholarship from the International Scholarship Office of the University of Warwick for MSc Program in Economics and Finance at Warwick University, England.

  • Scholarship from Fundayacucho for MSc Program in Economics and Finance at Warwick University, England.

  • Undergraduate dissertation with honorific qualification (released for publication).
 
LECTURING EXPERIENCE:
 
Faculty of Economic and Social Sciences (Central University of Venezuela - FACES):

Course:

Program:


Brief Description:




Economic Policy I (Política Económica I - 2241 )
.

Undergraduate course in economics.

The course allows undergraduate students analyze the fundamental problems associated with the design, implementation, and coordination of macroeconomic policies, emphasizing the philosophical aspects and political economy principles behind the fundamental normative conclusions.

Syllabus (Spanish) PDF version PDF

Lecture 1 (Spanish) PDF version PDF
Lecture 1 (Spanish) PowerPoint version PowerPoint

Lecture 2 (Spanish) PDF version PDF
Lecture 2 (Spanish) PowerPoint version PowerPoint

Lecture 3 (Spanish) PDF version PDF
Lecture 3 (Spanish) PowerPoint version PowerPoint

Lecture 4 (Spanish) PDF version PDF

Lecture 5 (Spanish) PDF version PDF

Lecture 6 (Spanish) PDF version PDF

Notas PDF version PDF

Central University of Venezuela (UCV) – PhD Program in Economics and Master's Program in “Advanced Economic Theory and Policy”:

Course:

Program:

 

Brief Description:

 

 

 


Microeconomics I (Mar 2010 - Ago 2010), (Sep 2009 - Feb 2010).

PhD Program in Economics and Master's Program in “Advanced Economic Theory and Policy”.

The course allows PhD and graduate students understand and solve the fundamental microeconomic problems, while focusing upon the phylosophical aspects and political economy principles that underlie the major conclusions of both orthodox (neo-classical) and heterodox institutional theory (Post-Keynesian theory).

Syllabus (Spanish) PDF version PDF
Homework (Spanish) PowerPoint version PowerPoint

Lecture 1 (Spanish) PDF version PDF
Lecture 1 (Spanish) PowerPoint version PowerPoint

Lecture 2 (Spanish) PDF version PDF
Lecture 2 (Spanish) PowerPoint version PowerPoint

Lecture 3 (Spanish) PDF version PDF
Lecture 3 (Spanish) PowerPoint version PowerPoint

Lecture 4 (Spanish) PDF version PDF
Lecture 4 (Spanish) PowerPoint version PowerPoint

Lecture 5 (Spanish) PDF version PDF
Lecture 5 (Spanish) PowerPoint version PowerPoint

Lecture 6 (Spanish) PDF version PDF
Lecture 6 (Spanish) PowerPoint version PowerPoint

Lecture 7 (Spanish) PDF version PDF
Lecture 7 (Spanish) PowerPoint version PowerPoint

Lecture 8 (Spanish) PDF version PDF
Lecture 8 (Spanish) PowerPoint version PowerPoint

Lecture 9 (Spanish) PDF version PDF
Lecture 9 (Spanish) PowerPoint version PowerPoint

Lecture 10 (Spanish) PDF version PDF
Lecture 10 (Spanish) PowerPoint version PowerPoint

Centre for Development Studies (Central University of Venezuela - CENDES):

Course:

Program:


Brief Description:  



    
 


Economic Policy
.

Specialization in Development Planning (Global Planning).

From a heterodox viewpoint, financial policies as well as monetary, exchange rate, fiscal, oil, and trade policies are analyzed for the case of the Venezuelan  economy. The reasons for the failure of orthodox policies are identified, and heterodox alternatives are presented.

Course:


Program
:        



Brief Description:










Economic Policy – Links between Oil and Fiscal Policy.

Specialization in Development Planning - for professionals of the Venezuelan state-owned oil company (PDVSA) – Maturín, Venezuela. 

A profound evaluation of national and international oil-gas reserve policies, exports markets for oil and “orimulsión”, historic costs of production, the composition of the Venezuelan oil basket, and investment plans in exploration and refining were reviewed. The fiscal implications of oil revenue, investment financing and fiscal participation in the oil business, and the Fund for Macroeconomic Stability were studied. Finally, other aspects of economic policy related to the impacts of the oil business were analyzed.

Central University of Venezuela (UCV) – Postgraduate School of “Advanced Economic Theory and Policy”:

Course:

Program:

Brief Description:  



Macroeconomics II.

Master in Advanced Economic Theory and Policy.

Monetary Economics and Exchange Rate regimes, Balance of Payment Crises, 1st, 2nd and 3rd Generation models of Currency Crises, Partial Dollarization, Financial Speculation, etc.

Course:

Programme
:

Brief Description:
Macroeconomics I (Invited for 1 Lecture only).

Master in Advanced Economic Theory and Policy.

National Accounting and Balance of Payments.
Central University of Venezuela (UCV) – Faculty of Economic and Social Sciences:
Course:

Programme
:

Brief Description:

Economic Policy III (Invited for 1 Lecture only).

Undergraduate in Economics.

Petropopulism and rent-seeking behavior.

Lecture 1 (Spanish) PowerPoint version PowerPoint

 
RECENT EXPERIENCE IN SEMINARS :
 

"¿Fueron las casas de bolsa culpables de la inflación?" en Mercado de valores y su aporte a la
economía nacional: el ahorro y la inversión. Situación actual y Perspectivas, Cámara de Comercio de Caracas (2011).

PowerPoint version PowerPoint

"Alternativas al modelo rentista petrolero", FACES, UCV (2010).

PowerPoint version PowerPoint

"Discutamos la Venezuela futura: de la Venezuela rentista al desarrollo transformador", FACES, UCV (2010).

PowerPoint version PowerPoint

"Perspectivas Económicas" en la LXVI Asamblea Anual de Fedecamaras, Puerto Ordaz (2010).

PowerPoint version PowerPoint

"El Petropopulismo rentista y la crisis económica en Venezuela" en el Foro El petropopulismo y la crisis económica en Venezuela, FACES, Universidad de Carababo (2010).

PowerPoint version PowerPoint

"Discutamos la Venezuela futura: de la Venezuela rentista al desarrollo transformador", UCV, Caracas (2010).

PowerPoint version PowerPoint

"La crisis global y del euro, los bonos soberanos, los commodities y el crudo" en el Foro Los riesgos de una nueva crisis económica global y sus implicaciones para Venezuela, Universidad Metropolitana, Caracas (2010).

PowerPoint version PowerPoint

"El petropopulismo rentista en Venezuela, FACES, UCV (2010).

PowerPoint version PowerPoint

"Qué pasa y pasará con la economía: Venezuela en estanflación y riesgo", Fedecamaras, Caracas (2010).

PowerPoint version PowerPoint

"Venezuela y su estanflación: De un control de cambios en cuenta corriente a uno en cuenta corriente y de capital" en el Foro Perspectivas Económicas y Energéticas 2010, Cámara Petrolera de Venezuela, Hotal Melia, Caracas (2010).

PowerPoint version PowerPoint

"Un bolívar menos fuerte, más escasez y desempleo: desmontando la teoría de la conspiración" en el Foro Impacto de Medidas Cambiarias, FACES, UCV (2010).

PowerPoint version PowerPoint

"Relevancia, papel, progreso y desafíos del Mercado de Valores y los Intermediarios Financieros en Venezuela" en el Foro sobre Mercado de Valores de Venezuela: Mutuos, crédito, liquidez y desarrollo, IESA (2010).

PowerPoint version PowerPoint

"Rol, importancia, avances, y retos del Mercado de Valores y los intermediarios financieros en Venezuela" en el Foro Ahorro e Inversión: Perspectivas del Mercado de Valores en Venezuela, FACES, UCV (2010).

PowerPoint version PowerPoint

"Venezuela: Mercado de valores, intermediarios financieros y coyuntura macroeconómica”. Fedecamaras (2010).

PowerPoint version PowerPoint

"Ensayo sobre las asimetrías del sistema monetario internacional ”. FACES, UCV(2009).

PowerPoint version PowerPoint

"Venezuela en 2010: Más estanflación, desempleo y especulación financiera ”. Información utilizada para el Foro de Perspectivas Económicas de Econoinvest 2010 (2009).

PowerPoint version PowerPoint

"An Integrated Approach to the study of Reserve Earning Economies”. University of Siena, Il Refugio (2008).

PowerPoint version PowerPoint

"Central Banking from theory to practice: An international comparison”. University of Siena, Pontignano (2007).

PowerPoint version PowerPoint

“La Banca Central de la Teoría a la Práctica: Una Comparación Internacional”. FACES, UCV (2007).

PowerPoint version PowerPoint

 “Banking and the Endogenous Money Supply as viewed from a Post Keynesian perspective”. University of Siena, Pontignano (2006).

PowerPoint version PowerPoint

“A Post Keynesian review on the theory of Banking and the Endogenous Money Supply”. University of Siena, Department of Economics (2006).

PowerPoint version PowerPoint

“La vulnerabilidad de las finanzas públicas en Venezuela” Cycle of Seminars Venezuela Visión Plural. Una mirada desde el CENDES (2004).

PowerPoint version PowerPoint

“Bimonetarism and Financial Dollarisation” Presentation of the Research Program of the Area of Economics Development, CENDES (2004).

 
RESEARCH EXPERIENCE:
 

New School for Social Research (NSSR) at the New School University, NY:

I am a visiting scholar, and faculty member, at the Department of Economics of the NSSR within the New School University, in NYC. From there, I have been writing up my PhD thesis on money from a Post Keynesian view under the supervision of Prof. Edward Nell (see Current PhD Research Interests).

Center for Development Studies at Central University of Venezuela  (CENDES):

Professor (Instructor) and economic researcher. I belong to the Department of Economic Studies of CENDES, from which I conduct research on a diversity of topics such as: Financial Macroeconomics, Monetary and Exchange Rate Economics, Bimonetarism, Financial Dollarisation, Fiscal Vulnerability and Sustainability, Economic Integration, and others. I have participated in multidisciplinary research projects of CENDES such as “Venezuela Visión Plural. Una mirada desde el CENDES”.


Central University of Venezuela (UCV) – Postgraduate School of “Advanced Economic Theory and Policy”:

Research and co-authorship in a book with other economists named “Venezuela Macrodinámica y Política”.

 
PhD RESEARCH :
 

My PhD research follows the Post Keynesian tradition and contributes with the notion of international monetary asymmetries and the distinction between, what I have labelled, reserve issuing and reserve economies. I have shown that whether a country issues an international reserve currency does matter: international monetary asymmetries are largely responsible for determining the balance sheet structure and behavior of the institutional sectors in the economy (García, Mata and Nell, 2008). Moreover, I have formalized these findings within a model of reserve earning economies following the stock of flow approach to macro and the influential work of Godley and Lavoie (2007).

My model takes full account of the balance sheet structure and behavior of reserve earning economies as opposed to reserve issuing ones. Firms, households, commercial banks, the central bank, the government and the rest of the world are the institutional sectors in my model, all of which are assumed to accumulate stocks and circulate local and foreign currency-assets and liabilities as a result of an income generating-process whereby production and expenses, including real investment, are determined. Different simulations have been performed to compare the results with those to be obtained in the case of reserve issuing economies. Finally, I have shown that monetary policy is more flexible but less influential in reserve issuing economies (like the US and the EU) and less flexible but more influential in reserve earning ones.

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Angel Garcia Banchs