Searcher
Gerónimo Ugarte
Gerónimo Ugarte
Senior Economist
Mexico City

Gerónimo Ugarte Bedwell is a Senior Economist at BBVA Research Mexico, focusing mainly on Banking and Financial System topics.

Gerónimo has a BA in Economics from Instituto Tecnológico Autónomo de México (ITAM), a Master´s in Economics from Universitat Pompeu Fabra, and conducted his PhD in Economics studies at Tel Aviv University.

Additionally, Gerónimo was awarded the National Award in Economics of the Colegio Nacional de Economistas and has been a professor of Economics (Microeconomics and Macroeconomics) at the FCA postgraduate studies unit of Universidad Nacional Autónoma de México (UNAM). Besides that, he has participated as a speaker in international academic fora on the areas of Social and Economic Networks and Uncertainty Theory.

Latest publications

May could represent a turning point in the dynamics of credit to the NFPS, with a smaller contraction than the one in April and a better performance of the portfolios that comprise it. An improvement in the activity and employment indicators in the medium term would consolidate a better performance in the credit market.
Slightly more than half of the upturn in bank deposits between February 2020 and April 2021 can be explained by the increase in demand deposits from individuals. How much longer will this trend last? The answer will be known in the coming months. However, May data give us a hint.
Banco de México reiterated the resilience of the financial system in the face of the adverse shock of the pandemic, as credits granted remain weak (-8.8% YoY in April) and levels of bank deposits remain close to historical highs.