Banco de México Governor Ortiz joins Dallas Fed’s Globalization Institute advisory board

For Immediate Release: February 14, 2008

DALLAS—Banco de México governor Guillermo Ortiz has joined the advisory board for the Globalization and Monetary Policy Institute at the Federal Reserve Bank of Dallas.

The appointment was announced by Mark Wynne, director of the institute.

Ortiz has been governor of Banco de México since 1998. Previously, he served as Mexican secretary of finance and public credit, telecommunications and transportation secretary, executive director of the International Monetary Fund, and manager in the economic research bureau of Banco de México.

The Dallas Fed’s Globalization and Monetary Policy Institute was created to shed better light on the impact of globalization on monetary policy and the U.S. economy.

Ortiz is the author of two books and numerous papers on economics and finance.

"I have known Guillermo Ortiz for over 30 years,” said John B. Taylor, advisory board chairman and Mary and Robert Raymond Professor of Economics at Stanford University. “He brings unparalleled skills, experience and knowledge about central banking and its global dimensions to the advisory board. I look forward to working with him in this important and timely endeavor."

“Governor Ortiz rounds out a stellar panel of advisors to the institute,” said Dallas Fed president and CEO Richard W. Fisher. “He brings a depth of hands-on experience that complements the extraordinary insight we receive from our advisory board.”

Members of the advisory board include:

• Charles R. Bean, chief economist and executive director, Bank of England;
• Martin Feldstein, president and CEO, National Bureau of Economic Research and George F. Baker Professor of Economics, Harvard University;
• R. Glenn Hubbard, dean, Columbia Business School;
• Otmar Issing, president, Center for Financial Studies, Frankfurt, Germany;
• Finn Kydland, 2004 Nobel Laureate in Economics and  Professor of Economics, University of California, Santa Barbara;
• Kenneth S. Rogoff, Thomas D. Cabot Professor of Public Policy, Harvard University;
• William White, Bank of International Settlements.

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Media contact:
James Hoard
Federal Reserve Bank of Dallas
Phone: (214) 922-5307
E-mail: james.hoard@dal.frb.org