Monica de Bolle

Monica de Bolle

Riordan Roett Chair in Latin American Studies
Director, Latin American Studies Program and Emerging Markets Specialization
Latin American Studies

Nitze 519

Expertise

Regions
  • Argentina
  • Brazil
  • Latin America
  • Mexico
Topics
  • Capital Markets
  • Emerging Markets
  • Financial Crises
  • Financial Regulation
  • Foreign Exchange Policy
  • Macroeconomics
  • Monetary and Fiscal Policy
  • Trade and Inequality
Languages
  • Portuguese
  • Spanish

Background and Education

Monica de Bolle holds the Riordan Roett Chair in Latin American Studies and is the Director of the Johns Hopkins SAIS Latin American Studies Program and Emerging Markets Specialization.  She is also a senior fellow at the Peterson Institute for International Economics.  Previously, de Bolle served as the JHU SAIS Practitioner in Residence of International Economics and Emerging Markets, and a member of the school's adjunct faculty.  Named as "Honored Economist" in 2014 by the Order of Brazilian Economists for her contributions to the Brazilian policy debate, de Bolle focuses on macroeconomics, foreign exchange policy, monetary and fiscal policy, trade and inequality, financial regulation, and capital markets. Previously de Bolle was a director of the Institute for Economic Policy Research (IEPE/Casa das Garças), a prestigious think tank based in Rio de Janeiro, Brazil.  She has also worked as an economist at the International Monetary Fund.
 
De Bolle has authored and coauthored a number of books on the global economy and Brazil's policy challenges, including her most recent book How to Kill the Blue Butterfly: A Chronicle of the Dilma Era (2016), which remained on Brazil´s best seller lists for several weeks and was a finalist for Premio Jabuti, a prestigious literature prize. Other publications include: The State of the World Economy to Challenges and Responses: Essays in Honor of Pedro S. Malan (2014), The Future of Brazilian Manufacturing: The Deindustrialization Debate (2013), New Dilemmas in Economic Policy (2011), Financial Regulation Reform in the US: New Global Architecture and the Brazilian Regulatory Context (2009), and How to Respond to the Global Financial Crisis? Economic Policies for Brazil (2009).
 
Her views on Brazil's economy and economic policy have been published widely by the international and Brazilian media. She contributes regularly to major Brazilian newspapers O Globo and O Estado de São Paulo. 
 
De Bolle obtained her BA in economics from the Pontifical Catholic University of Rio de Janeiro and holds a PhD in economics from the London School of Economics and Political Science.


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Spring 2019 
The course will...
The course will focus on relevant policy issues – economic and political – during the PT governments (2003-present) with class discussion focusing on options and opportunities that were overlooked or ignored by the four PT governments (Lula da Silva and Dilma Rousseff).
Spring 2019 
Introduces stud...
Introduces students to the concept of macroeconomic populism formulated by Rudiger Dornbusch and Sebastian Edwards in 1991 and analyzes the causes and consequences of financial crises in Latin America from the 1970s to the present day. The course will examine whether the original formulation of macroeconomic populism still applies to countries in the region and will focus on the recent history (from 2001 to the present day) of Argentina, Bolivia, Ecuador, Venezuela, and Brazil to study whether the causes of boom-bust cycles have significantly changed.
Fall 2018 
Covers the basi...
Covers the basic interpretive frameworks that have been employed to analyze political change in Latin America, from the original debates between modernization and dependency theory through the rise of authoritarian regimes to the more recent studies on democratic transitions, neoliberal politics and economics and the consolidation of democratic regimes.
Fall 2018 
This course is ...
This course is a research practicum in development economics. We learn how to do research on selected topics in economic development. We begin by reading and absorbing information on selected topics to determine the existing state of the literature. We then write our own ``problem sets'' -- a set of questions we seek to answer to extend the existing literature using empirical data. We then collect and analyze empirical data in an attempt to answer our questions. We use our solutions to the ``problem sets'' to write a draft of a research paper. The selected topics are based on student interest, and so the course varies semester to semester depending on the students enrolled in the course. For Fall 2014, we focus on two broad topics: ``Finance and Development'' and ``Social Safety Nets and Risk Mitigation for the Poor''. In the process of writing papers on these topics, we will learn about several models of economic growth and development.
Fall 2018 
This course add...
This course addresses policy issues in emerging markets with a particular focus on financial crises and their implications. Over the last several years, we have witnessed a number of episodes of financial distress often leading to macroeconomic chaos, particularly in emerging markets. Financial fragility and market distress can come in many forms: Currency crises, banking crises, debt crises, or a mix of two or more of these crises. The purpose of this course is to provide students with frameworks and tools for analyzing the causes and consequences of financial fragilities and crises, as well as the policy responses they entail. To this end, the course will mix economic theory, country experiences, and actual policy responses to provide an in-depth understanding of the boom-bust cycles characteristic of emerging market economies. The course will also address the 2008 financial crisis, drawing on aspects that make this particular episode stand out from previous instances of turmoil. Emerging market policy responses to the 2008 crisis, as well as the effects on these countries of unconventional policy stimulus adopted by developed economies will also be discussed. Please note that this course was previously denoted by course number SA.400.774. The course content and syllabus remain the same.
Spring 2018 
This course add...
This course addresses policy issues in emerging markets with a particular focus on financial crises and their implications. Over the last several years, we have witnessed a number of episodes of financial distress often leading to macroeconomic chaos, particularly in emerging markets. Financial fragility and market distress can come in many forms: Currency crises, banking crises, debt crises, or a mix of two or more of these crises. The purpose of this course is to provide students with frameworks and tools for analyzing the causes and consequences of financial fragilities and crises, as well as the policy responses they entail. To this end, the course will mix economic theory, country experiences, and actual policy responses to provide an in-depth understanding of the boom-bust cycles characteristic of emerging market economies. The course will also address the 2008 financial crisis, drawing on aspects that make this particular episode stand out from previous instances of turmoil. Emerging market policy responses to the 2008 crisis, as well as the effects on these countries of unconventional policy stimulus adopted by developed economies will also be discussed.
Fall 2017 
This course add...
This course addresses policy issues in emerging markets with a particular focus on financial crises and their implications. Over the last several years, we have witnessed a number of episodes of financial distress often leading to macroeconomic chaos, particularly in emerging markets. Financial fragility and market distress can come in many forms: Currency crises, banking crises, debt crises, or a mix of two or more of these crises. The purpose of this course is to provide students with frameworks and tools for analyzing the causes and consequences of financial fragilities and crises, as well as the policy responses they entail. To this end, the course will mix economic theory, country experiences, and actual policy responses to provide an in-depth understanding of the boom-bust cycles characteristic of emerging market economies. The course will also address the 2008 financial crisis, drawing on aspects that make this particular episode stand out from previous instances of turmoil. Emerging market policy responses to the 2008 crisis, as well as the effects on these countries of unconventional policy stimulus adopted by developed economies will also be discussed.