CEMLA/Dallas Fed

Financial Stability Workshop

Call for Papers

December 12-13, 2022 - Mexico City

The Center for Latin American Monetary Studies – CEMLA – and the Federal Reserve Bank of Dallas invite submissions to a Financial Stability Workshop, to be held from December 12 to 13, 2022. The workshop will be held in person at CEMLA’s premises in Mexico City, and it will be conducted entirely in English.

We invite theoretical and empirical submissions focusing on the interplay between financial intermediation, banking, and financial stability, on topics including:

  • Heterogeneous effects of prudential regulations and monetary policy
  • Short term funding markets for banks, dealers, and nonfinancial firms
  • Cross-border challenges for financial stability
  • Nonbank financial intermediation
  • Financial digitalization
  • Financial stability challenges for emerging market economies


Submission deadline is July 1, 2022. Please submit papers to: fsworkshop@cemla.org. The authors will be informed of the final acceptance by September 15, 2022. There is no registration fee but participants are expected to cover their travel expenses; sponsors will cover accommodations for invited participants.

Keynote Speaker

Victoria Ivashina, Harvard Business School

Scientific Committee

Catherine Casanova, Swiss National Bank

Ricardo Correa, Federal Reserve Board

Scott Davis, Federal Reserve Bank of Dallas

Florian Heider, European Central Bank

Dennis Reinhardt, Bank of England

Balint Horvath, University of Bristol

Martina Jasova, Columbia University

Gabriel Jiménez, Banco de España

Adam Jørring, Boston College

Peter Karlström, CEMLA

Serafín Martínez-Jaramillo, Banco de México

Friederike Niepmann, Federal Reserve Board

Lars Norden, FGV Brasil

Steven Ongena, University of Zurich, CEPR, Swiss Finance Institute, KU Leuven, NTNU Business School

Ali Ozdagli, Federal Reserve Bank of Dallas

Eva Schliephake, Católica Lisbon School of Business and Economics

Gustavo Suarez, Federal Reserve Board

Lena Tonzer, Vrije Universiteit Amsterdam, IWH

Nitzan Tzur-Ilan, Federal Reserve Bank of Dallas

Boris Vallee, Harvard Business School

Bernardus Van Doornik, Banco Central do Brasil, Bank for International Settlements

Organizing Committee

Scott Frame, Federal Reserve Bank of Dallas

Carola Müller, CEMLA

Matias Ossandon-Busch, CEMLA


CEMLA/Dallas Fed

Financial Stability Workshop


CEMLA/Dallas Fed

Financial Stability Workshop

Victoria Ivashina

Victoria Ivashina is the Lovett-Learned Professor of Finance and Head of the Finance Unit at Harvard Business School. Professor Ivashina is also the faculty chair of the Global Initiative for the Middle East and North Africa (MENA) region. She is a Research Associate at the National Bureau of Economic Research (NBER), a Research Fellow at the Center for Economic Policy Research (CEPR), a Visiting Scholar at the Federal Reserve Bank of Boston, and a member of the Model Validation Council at the Board of Governors of the Federal Reserve System. Professor Ivashina co-heads Harvard Business School’s Private Capital Initiative and Private Equity and Venture Capital (PEVC) executive education program. She is a co-author of “Patient Capital: The Challenges and Promises of Long-Term Investing and Private Equity: A Case Book”.


CEMLA/Dallas Fed

Financial Stability Workshop

Venue Information

CEMLA is located in Durango 54, Col. Roma Cuauhtémoc, C.P. 06700 Ciudad de México, México; near downtown Mexico City.

Mexico City is located near the center of the country, at an average altitude of 2,300 meters above sea level, bordering the State of Mexico and the state of Morelos. The capital is connected by land to multiple destinations.

Time Zone

Mexico City has a time difference with Greenwich Mean Time of -6 hours.


In Mexico City, the wet season is warm and overcast and the dry season is comfortable and partly cloudy. Throughout the year, the temperature usually ranges from 6°C to 26°C and is rarely below 3°C or above 30°C.

The warm season lasts for 2.5 months, from March 22 to June 8, with an average daily temperature above 20°C. The hottest month of the year in Mexico City is May, with an average high of 27°C and low of 13°C.

The cool season lasts for 2.5 months, from November 19 to February 3, with an average daily high temperature below 22°C. The coldest month of the year in Mexico City is January, with an average low of 6°C and high of 22°C.

Visa Information

All participants are responsible for all Passport and visa formalities, and if needed, to comply with health regulations.

Citizens of certain countries require a visa to enter Mexico. In the following link you will find a list of citizenships which require visas: Countries that require visas.

Exceptions apply if you have a visa or if you are a permanent resident of the United States, Canada or Europe. If you are a citizen of a country requiring a visa, please contact the closest Mexican consulate at: Mexican consulates. For more information, please click here.

If you require an invitation letter in order to obtain the visa, please email Eréndira Fuentes (fuentes@cemla.org) specifying your current affiliation and title of the paper that you will be presenting.

Currency and Exchange Rate

Official currency: Mexican peso (MXN).

Average exchange rate is around: $20.00 MXN/USD. For the updated exchange rate click here.

You will be able to make currency exchanges at exchange houses and in some bank offices. It is recommended to exchange money at the airport since exchange houses and banks near CEMLA and the suggested hotels are closed on weekends, and close early during the week (around 16:00 hrs). Usually, ATMs are available 24 hours. You may draw cash using international debit and credit cards with worldwide brands, like Visa, Mastercard, Visa Electron and Dinners. For more information, please visit (Banco de México) here.

VAT and others
  • · VAT: 16%.
  • · Hotel service: additional charge of 3% on top of lodging (ISH or lodging tax).
  • · Tips at restaurants: from 10% to 15% depends on the service you have received.
Electricity Service

Energy: 127 volts AC at 60 cycles (127V AC, 60 Hz). Two flat-pin plugs and some with grounding.


The Benito Juárez International Airport in Mexico City is located 13 kilometers from the Downtown. It has two terminals which are identified by Terminal 1 and Terminal 2 and both are connected by aerotrain and free bus transportation. For more information, you may find the airport website here.

When arriving to Mexico City, transportation from the airport to hotels can be done by transportation apps (such as Uber, Cabify, Didi and Lyft, among others), or taxi. For taxi transportation it is important to select a taxi company inside the airport (there are different options to select from once you exit customs and immigration), pay the cashier inside the airport and ask for the cab in the corresponding exit. The Mexico City International Airport (AICM) offers spaces or boarding areas for the use of authorized cabs accredited by the Ministry of Communications and Transportation (SCT) and regulated by the Airport, for more information on authorized cabs click here.

For transportation in Mexico City, we recommend participants to use transportation apps or taxi service taken from “SITIO” stands. We recommend that participants avoid taking taxis from the street. SITIO stands can be found in several locations and phone numbers to call for taxis can be obtained in the hotels.

CEMLA, will not provide transportation services.


The following table shows CEMLA’s recommended hotels, the rates available to events participants and hotel contact information. Booking hotel is the visitors’ responsibility. Consider that hotels usually request a credit card to guarantee the reservation. For any of the booking options, remember to add 3% ISH tax and 16% VAT.

To receive the corporate rate in the recommended hotels you must specify the name of CEMLA. Any change of rates is the responsibility of each hotel. Even though some bookings can be made online we recommend contacting the hotel directly to make sure the group rate is given.

Recommended Hotels
Reservation information

Av. Álvaro Obregón 13, Roma Nte., Cuauhtémoc, 06700 Ciudad de México, CDMX

(3-minute car trip, 6-minute walk, 500m to CEMLA)

Ordinary rate per night:

$2,130.00 MXN


wi-fi, coffee maker

Royal Reforma

C. Amberes 78, Juárez, Cuauhtémoc, 06600 Ciudad de México, CDMX

(10-minute car trip, 13-minute walk, 1 km to CEMLA)

Ordinary rate per night:

$ 2,300.00 MXN

CEMLA corporate rate:

$ 1,315.00 MXN


wi-fi, breakfast buffet

Four Points by Sheraton

Av. Álvaro Obregón 38, C. U. Benito Juárez, Cuauhtémoc, 06700 Ciudad de México, CDMX

(5-minute car trip, 6-minute walk, 500 m to CEMLA)

Ordinary rate per night:

$ 2,434.00 MXN

CEMLA corporate rate:

$ 2,076.91 MXN


wi-fi, parking

City Express Plus Reforma El Angel

Av. Paseo de la Reforma 334, Juárez, Cuauhtémoc, 06600 Ciudad de México, CDMX

(10-minute car trip, 20-minute, 1.6 km walk to CEMLA)

Ordinary rate per night:

$ 2,700.00 MXN


wi-fi, breakfast

Sheraton Mexico City María Isabel

Av. Paseo de la Reforma 325, Cuauhtémoc, 06500 Ciudad de México, CDMX

(13-minute car trip, 21-minute walk, 1.6 km to CEMLA)

Ordinary rate per night:

$ 7,560.00 MXN

CEMLA corporate rate:

$ 3,633.00 MXN


wi-fi, breakfast buffet, gym

Marriot Reforma

Av. Paseo de la Reforma 276, Juárez, Cuauhtémoc, 06600 Ciudad de México, CDMX

(15-minute car trip, 17-minute walk, 1.3 km to CEMLA)

Ordinary rate per night:

$ 7,850.00 MXN

CEMLA corporate rate:

$ 3,776.20 MXN


wi-fi, wi-fi in business center, breakfast buffet, gym

Brick Hotel

Orizaba 95, Roma Nte., Cuauhtémoc, 06700 Ciudad de México, CDMX

(6-minute car trip, 7-minute walk, 500 m to CEMLA)

Ordinary rate per night:

$ 7,125.00 MXN


Visit Mexico

Mexico City is a unique visitor destination offering a wide range of attractions combining historic and modern-day life in a vibrant and friendly atmosphere. Take a day to visit the pre-Hispanic ruins of Teotihuacan, or visit the Centro Histórico and marvel at its rich architecture form the Catedral and Plaza del Zócalo to Palacio de Bellas Artes, visit world-class museums, or spend the day at some of the modern-day bustling neighborhoods and enjoy a fine dining experience at some of the world’s top-rated restaurants. For more information visit: http://cdmxtravel.com/en/.


Mexico City offers a wide variety of restaurants most of them located in the tourist areas of Polanco, Roma and Condesa near the Conference Venue.

Sightseeing/Day trips

If you are planning to stay an extra day or two in Mexico City, we recommend taking a day to visit the Centro Histórico, Coyoacán, Reforma Avenue, Colonia Roma, Xochimilco, and Chapultepec.

A day trip to Teotihuacan to see the pyramids can be arranged with the hotel concierge.

Mexico City offers some world class museums including the Anthropology Museum, the Museo Soumaya, and the Interactive Museum of Economics.

COVID-19 Protocol

CEMLA Health Protocol based on the suggestions of the Pan-American Health Organization

  1. Body-temperature checks and provision of hand-sanitizing gel and face-masks at the entrance of our facilities.
  2. Limited capacity in rooms to comply with a minimum distancing of 1.5m between individuals.
  3. Rodrigo Gómez Auditorium has been equipped with an air-ventilation system with UV-C light air purifiers and air-exhaust systems.
  4. Javier Marquez Room, Multimedia Room, restrooms and boardrooms, among other rooms, have been equipped with UV-C light conditioning.
  5. CO2 and humidity monitors in the main spaces of the building.
  6. Open-door room policy.
  7. Cleaning and maintenance plans after regular occupation hours.
  8. Regular updates based on the tracking of recommendations of the health authorities in Mexico and International Organizations.