Searcher
Carlos Serrano
Carlos Serrano
Chief Economist
Mexico

Carlos Serrano is Chief Economist at BBVA in Mexico. He oversees a team of economists conducting work on economics, financial markets and regulation. He is also member of the Asset and Liabilities and Regulatory Committees.


He holds masters and PhD degrees from the University of California at Berkeley, where he specialized in macroeconomics, international finance, and industrial organization. He obtained a B.S. in economics from Instituto Teconológio Autónomo deMéxico, ITAM.


In 2000 he was awarded the national prize on economic research, awarded annually by Banco Nacional de México.


Before joining BBVA, Carlos was executive vicepresident for regulatory policy at Mexico´s Banking and Securities Commission where he was in charge of designing regulation for banks, securities and derivative markets, broker dealers, and mutual funds. He was Mexico´s representative before the Basel and IOSCO committees.


He also worked at the World Bank where he was, among other positions, Country Economist for Peru, Paraguay, and Bolivia.


He has taught advanced macroeconomics and finance at ITAM.

Latest publications

In the last two years the minimum wage has had significant increases: 10% in 2018 and 16% this year. However, these figures must be put in context. From 1980 to 2018 the real minimum wage lost just over 60% of its value.
Central America received more than 22 billion of US dollars in remittances in 2018. These resources are very important in El Salvador, where they equate to 21.4% of GDP; in Honduras, 20.0%; in Guatemala, 12.0%; in Nicaragua, 11.3%; and in Belize, 5.0%.
Mexico’s Banking and Securities Commission (CNBV), publishes its financial access report. New Digital Collection Scheme (CoDi) comes into operation. 1H19 saw the national producer price index in the construction sector grow by 3.1%. Expectations of lower commercial tensions support risk assets.