Martin Tobal is an Argentinian economist who serves as Director of the Macrofinancial Risk Analysis Directorate at Banco de México (México’s central bank). He studied economics at the University of Buenos Aires (UBA) and obtained bachelor’s degrees in the same field at the University of Valencia (Spain) and the Université de Nantes (France), where he graduated with honors. He holds a Ph.D., also in economics, from the University of California, San Diego (UCSD, USA). Previously, he served as Deputy Manager of the Macroeconomic Research Department at an international financial organization (CEMLA, the Center for Latin-American Monetary Studies), as financial researcher at the Financial Stability Directorate of Banco de Mexico and as advisor to the chief economist, senior researcher of the International Affairs Unit and Deputy Manager on the Real Sector unit at the Research Directorate of the same central bank. Martin has published research papers on various issues on macrofinance, banking and international trade. Among other prestigious peer-review journals, his research has been published in the American Economic Journal: Economic Policy; the Journal of Development Economics; the Canadian Journal of Economics, the International Journal of Central Banking, the Review of International Economics and the International Labour Review.