Board of Directors | Duties

The Board decides on the Bank’s monetary and financial policy implementation. It takes part in decisions affecting the monetary and foreign exchange markets; sets general policies related to economic regulations and to financial system growth; establishes the denominations and characteristics of bills and coins; authorizes the opening of new financial or foreign exchange institutions and revokes their authorization to operate, and establishes the rules for the Bank’s organization and management.

It also performs all other duties assigned to him by BCRA Charter Sections 14 and 15.

Pablo Manuel Carreras Mayer | Member of the Board (Presidential Appointment subject to Senate Confirmation)

He holds both an undergraduate degree and a master’s degree in Economics from Universidad de Buenos Aires (UBA).

Prior to his current position at the BCRA, he served as Investment General Director of the Sustainability Guarantee Fund at the Argentine Social Security Administration (Administración Nacional de la Seguridad Social, ANSES). He was a consultant to the External Public Debt Sustainability Management Unit at the Secretariat of Finance of the Argentine Ministry of Economy and Public Finance. He was the coordinator of the Economic Development Program of the Center for the Implementation of Public Policies for Equity and Growth (Centro de Implementación de Políticas Públicas para la Equidad y el Crecimiento, CIPPEC). He had previously worked as a consultant to the Debt Restructuring Unit and to the Chief of Staff Office of the Argentine Ministry of Economy and Public Finance, where he also served as Analyst at the Financial Information Bureau of the National Office for Public Lending, and at the Public Debt Auditing and Statistics Coordination Office of the Public Debt Management Office. Moreover, he served as a consultant to the Inter-American Development Bank (IDB) providing technical assistance to the Secretariat of Finance of Honduras, to the Ministry of Economy of the Province of Buenos Aires in the Undersecretariat of Coordination with States and International Credit Organizations, and to the Economic Commission for Latin America and the Caribbean (ECLAC) in the technical assistance provided for the National Plan to Influence the Change of the Productive Matrix of Ecuador.

He is a professor of Financial Markets and International Crisis at UBA's Master in Finance, and also teaches Macrofinancial Relations and the Argentine Financial System at the Specialization in Capital Markets from UBA and the Buenos Aires Stock Exchange (Merval). He is the co-author of Crisis y reestructuración de deudas soberanas: una visión sistémica desde la perspectiva de los mercados emergentes with Adrián Cosentino, Matías Isasa, Fabián de Achaval, Mariel Coretti, and Fabián Dall’O, edited by Eudeba; and of the chapter Crisis y sustentabilidad de deuda pública with Adrián Cosentino and Matias Isasa in Tópicos de Macroeconomía y Finanzas para economías emergentes edited by Cosentino and Achaval for Lenguaje Claro Editorial. He is the author of the article Devaluaciones reales y aceleraciones inflacionarias in Estudios Económicos Vol. 34, No. 68, and of several working papers.

Pablo Manuel Carreras Mayer