Nicole Cerpa Vielma

Nicole Cerpa Vielma

Profile

Current Appointments

  • PhD Student, Economics Division, Leeds University Business School, 2018-Present. 
  • Thesis: Financialisation in Latin America: from a bank-based to a market-based credit system. Supervisors: Prof. Gary Dymski, Dr. Marco Passarella. Thesis: focus on Financialisation in Latin American countries. Specifically, on the institutional transformation of Latin American financial markets by the widespread adoption of styles of financial intermediation coming from the United States.
  • Teaching Assistant, Economic Theory and Applications, Economics Division, Leeds University Business School, University of Leeds, 09/2020-Present.
  • Research Leader, Chilean Presidential Programme of the ‘Frente Amplio’: Nueva estrategia de desarrollo para Chile, Chile, 04/2020-Present.

Qualifications

MSc Economics at University of Leeds
MSc Economics and Public Policy at Universidad Adolfo Ibáñez (UAI), Chile
BSc Economics at Universidad Adolfo Ibáñez (UAI), Chile

Research Experience

  • 04/2020-Present: Research Leader, Chilean Presidential Programme of the ‘Frente Amplio’: Nueva estrategia de desarrollo para Chile, Chile. Project: Macroeconomía para el Desarrollo. The aim is to create an alternative development strategy for Chile, that incorporates a gender and inequality analysis within a heterodox macroeconomic framework.
  • 07-09/2020: Research Assistant, Economics Division, Leeds University Business School. Project: Financial geography, imbalances and crises: Excavating the spatial dimensions of asymmetric power. Data collection and analysis of the Net International Investment Position of all countries in Latin America. This research led to a paper publication and a book chapter, with Noemi Levy as the editor.
  • 10/2019-01/2020: Research Assistant, Economics Division, Leeds University Business School. Project: Political Economy of Immigration: Potential for Deep Divisions and Inclusive Alliances – ‘Layered Asymmetries of Political Economic Power and the Mexican Immigration Crisis’. This research was presented in the 2020 Assa Annual Meeting organised by the American Economic Association, San Diego, USA.
  • 08/2019-08/2020: Research Leader, Economics Division, Leeds University Business School. Project: Institutional foundations of subordinate Latin American financialization: The core-periphery financial architecture of the post-crisis era. It involved financial data collection of pension funds and banks, such as the analysis of balance sheets, that led to a paper publication.
  • 06/2018-06/2019: Research Leader, Economics Division, Leeds University Business School. Project: Foreign banks and financial firms in Latin America. Analysis of the ownership structure of 3,800 financial firms in Latin America. This research has led to a paper that is under preparation.
  • 2017: Research Assistant, Economics Division, Leeds University Business School and the Division of Consumer and Community Affairs, Board of Governors of the Federal Reserve (FED). Project: Minority Depository Institutions and Inclusive Community Development in California’s Post-Crisis Urban Context. The aim was to answer three questions about minority depository institutions (MDIs) in the United States: How have the balance sheets of MDIs (loan activity by loan category, deposits, borrowed funds and equity) developed in the post-crisis years, compared to non-minority depository institutions comparable in size, and with the balance sheets of the largest banks? What new and important challenges for reinvestment and inclusive development have emerged in the aftermath of the crisis and how the 'logic of reinvestment' can be adapted MDIs to meet these challenges?
  • 2017: Research Assistant, Economics Division, Leeds University Business School, University of Leeds. Project: Too big to manage US megabanks’ competition by innovation and the microfoundations of financialization. Collect and analyse financial data from the biggest banks in the United States. This research led to a paper publication.
  • 01-12/2013: Research Leader, Economics Division, Universidad Adolfo Ibáñez, Chile. Project: Environmental Ethics. The research consisted of an ethical analysis about the global energy supply and to propose an alternative set of policies to restructure the Chilean electric market.
  • 12/2010-02/2011: Research Assistant, Economics Division, Universidad Adolfo Ibáñez, Chile. Project: The Concentration of the Chilean Market. The objective was to analyse the market concentration in Chile from 1900-2011. This, to identify the correlation between the owners of firms and the access to bank credit and financial flows.

Professional Experience

  • 2019-2020 Academic Year: Module Lead in Economics, Social Sciences Department, Leeds International Study Group, Part-time. Tasks: production of all teaching material, conducting all monitoring, evaluation and review activity, responding to student feedback and external examiner input, and liaison with collaborative partners.
  • 12/2015-04/2016: Project Controller, Financial and Economics Division, Compañía General de Electricidad S.A (CGE S.A.), Full-time. Tasks: Compliance control, execution and leadership of the following projects with a team in charge: Efficiency Plans of the Company; “Óptima” Project, which aims to elaborate reports, construction of an automatically management index, and Budget loading.
  • 01/2014-12/2015: Financial and Management Analyst, Financial and Economics Division, Compañía General de Electricidad S.A (CGE S.A.), Full-time. Tasks: preparation of monthly financial reports for directors, construction and consolidation of the budget of the company, analysis of balance sheets and financial information of the firms and other related companies, and forecasting of macroeconomics variables.
  • 08-11/2011: External consultant for Arauco S.A. (Santiago, Chile). Responsible for analysis of the macroeconomic, regulatory, sociocultural and demographic environment from India.
  • 06-08/2010: External consultant for Global Trader Limitada (Santiago, Chile). Creation of a financial index that could predict the market behaviour based on the collection and study of determined macroeconomic variables.

Teaching Experience

University of Leeds, Leeds University Business School, Leeds, UK

  • 2020-2021: LUBS1951/52 Economic Theory and Applications (TA)
  • 2019-2020: LUBS1940 Economics for Management (TA)
  • 2018-2019: LUBS1270 Statistics for Economics and Business 1 (TA)

Study Group, Leeds, UK

  • 2019-2020: JBM1_Eco Module Leader of Economics
  • 2019-2020: JBM1_Eco Economics Lecturer of Economics
  • 2019-2020: JBM2_Eco Economics Lecturer of Principles to Economics

Universidad Adolfo Ibáñez, Chile

  • 2013: GOB426 International Economics and Public Policies (TA)
  • 2013: ECO438 Chilean Economy (TA)
  • 2012: MGT350 Operations Management (TA)
  • 2011: ECO121 Principles to Economics (for the School of Engineering) (TA)
  • 2010-2011: ECO213 Microeconomics II (TA)
  • 2009: MGT130 Entrepreneurship Workshop (TA)

Publications

Articles in Refereed Journals

  • Cerpa Vielma, N., Comert, H., D’Avino, C., Dymski, G., Kaltenbrunner, A., Petratou, E., Shabani, M., (2017; revised March 2019) Too big to manage US megabanks’ competition by innovation and the microfoundations of financialization, Cambridge Journal of Economics, published, DOI:  10.1093/cje/bez027.
  • Cerpa Vielma, N. and Dymski, G. (2020) Institutional foundations of subordinate Latin American financialization: The core-periphery financial architecture of the post-crisis era, Cambridge Journal of Economics, sent.
  • Dymski, G. and Cerpa Vielma, N. (2020) The Neoliberal global triad and the Latin American financial trap: Contending explanations of macro-financial crises, Global Political Economy, accepted.

In preparation

  • Cerpa Vielma, N., Villegas Pla, B. (2020) The political economy of Latin America: subordinate financialization, Review of Evolutionary Political Economy, sent.

Book Chapters

  • Dymski, G. and Cerpa Vielma, N. (2020) Financial geography, imbalances and crises: Excavating the spatial dimensions of asymmetric power, published.
  • Cerpa, N. and Pedemonte, M. (2020) Macroeconomía para el Desarrollo, Nueva estrategia de desarrollo para Chile, sent.

Other Publications

Awards and Scholarships

  • 2019: Young Scholars Initiative of the Institute for New Economic Thinking Scholarship to present at the United Nations Conference on Trade and Development (UNCTAD/ONU) Summer School: The Crisis of Multilateralism: Is a Global Green New Deal the Solution?, Geneva, Switzerland.
  • 2018-2022: PhD Fellowship, Comisión Nacional de Ciencia y Tecnología (CONICYT) National Comission for Scientific and Technological Research, Chilean Government.
  • 2013: MSc. Fellowship, Fondo Nacional de Ciencia y Tecnología (FONCECYT) National Fund for Scientific and Technological Development, Chilean Government.

Conferences, Worshops and Seminar Presentations

  • 01/2020: Layered Asymmetries of Political Economic Power and the Mexican Immigration Crisis, Assa Annual Meeting, American Economic Association, San Diego, USA.
  • 08/2019: Financialisation and Shadow Banking in Latin America, United Nations Conference on Trade and Development (UNCTAD/ONU) Summer School: The Crisis of Multilateralism: Is a Global Green New Deal the Solution?, Geneva, Switzerland.
  • 11/2018: New forms of hegemony of the United States: economic implications for Latin America, Informal Workshop on Exchange Rates, Capital Flows and Monetary Policy in Developing and Emerging Economies, Leeds University Business School, Leeds, UK.

Professional Activities

Membership of Professional Academic Groups

  • Member of the Post Keynesian Society (PKES)
  • Member of ECLAC Alumni, United Nations

Other Professional Activities

Other Training Courses

  • 09/2020 (5 weeks) Introduction to Feminist Theories, Universidad de Chile
  • 09/2020 (4 weeks) Understanding Financial Markets, University of Geneva.
  • 04/2020 (4 weeks) Financial Markets, by Robert Shiller, University of Yale.
  • 09/2019 United Nations Conference on Trade and Development (UNCTAD) Summer School 2019: The Crisis of Multilateralism - is a Global Green New Deal the Solution?, United Nations Conference on Trade and Development (UNCTAD/ONU), Geneva, Switzerland.
  • 07/2019 7th FMM International Summer School, Forum for Macroeconomics and Macroeconomic Policies (FMM), Berlin, Germany.
  • 06/2019 8th PKES Summer School – Introduction to Post Keynesian Economics and Political Economy, University of Greenwich, London, UK.
  • 01-06/2019 (150 hours) Money, Monetary Policy and the Global Financial Crisis, by Giuseppe Fontana, Leeds University Business School, University of Leeds, UK.
  • 02/2019 (16 hours) Learning to Teach Programme, Leeds University Business School Teaching Programme, University of Leeds, UK.
  • 07-09/2018 (225 hours) 19th ECLAC Summer School on Latin American Economies, Economic Commission for Latin America and the Caribbean (ECLAC/ONU), Santiago, Chile. Paper: A Post-Keynesian view on the economic hegemony of the United States over Latin American countries.
  • 02-04/2018 (300 hours) Panel Data using Stata, Leeds University Business School, University of Leeds, UK.
  • 02/2018 (10 hours) Stata and Data Management, Leeds University Business School, University of Leeds, UK.

Languages and Technical Skills

  • Spanish: native
  • English: C1, IELTS 7.5 overall
  • German: C1, Deutsches Sprachdiplom der Kultusministerkonferenz Stufe II, 94/96 Points
  • French: A1, Beginner.
  • Statistical Programmes: Stata (Advanced), R (Advanced), SPSS (Advanced), EViews (Beginner)
  • Software Programmes: Microsoft Office (Advanced in Excel, Word and Power Point), SAP (intermediate), NVivo (Beginner).

Research interests

Financialisation, Emerging Economies, Credit Systems, Bonds and Repo Market, Money and Banking, Global Finance, Keynesian Theory, Macroeconomic Theory and Policy, Institutions, Latin American structuralism, International Economics, Political Economy.


Thesis Title

Financialisation in Latin America: from a bank-based to a market-based credit system.

Blog

https://elatin2018.wixsite.com/elatin

Qualifications

  • MSc Economics at University of Leeds
  • MSc Economics and Public Policy at Universidad Adolfo Ibáñez (UAI), Chile
  • BSc Economics at Universidad Adolfo Ibáñez (UAI), Chile

Research groups and institutes

  • Applied Institute for Research in Economics