Carlos Serrano
Carlos Serrano
Chief Economist
Mexico City

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

The U.S. economy is beginning a strong expansionary cycle. The International Monetary Fund (IMF) this week adjusted its growth forecast for this country to 6.4% for 2021 and there are private analysts who forecast even higher rates.
Banxico’s Board kept its policy rate unchanged at 4.0%; the wording signals a shift from a dovish to a cautious tone. All five Board members voted to keep the policy rate on hold.
Fifty years ago, Milton Friedman wrote a column in The New York Times that had a significant influence over several decades. Friedman's central thesis was that the sole social responsibility of companies should be to maximize shareholder profits.