Matias Braun is director of strategy and partner at IM Trust and professor of economics and finance at Universidad Adolfo Ibanez .

His expertise is in the areas of financial markets, corporate finance, international finance, and development economics. He received his B.A. in Business and Economics in 1995 from Universidad Catolica de Chile (maximum distinction), and his M.A. and Ph.D. in Economics in 2003 from Harvard University. 

Since 1999 Mr. Braun has done consulting and research for Harvard Business School, the Center for International Development at Harvard University, the National Bureau of Economic Research, and the Inter American Bank for Development. Through a number of international organizations he has given policy advice to Bolivia, Colombia, Venezuela, Peru, and South Africa. He has received awards and fellowships, including Harvard University Term-Time Research Award (2003), Bradley Fellowship (2002), Friends of U. Catolica Business and Economics School Scholarship for Ph.D. Studies (1999), Raul Iver Award (best graduating student at U. Catolica Business and Economics School) (1996), and Price-Waterhouse Award for Academic Excellence (1992). 

Professor Braun has pulished a number of articles in top academic journals, including the Journal of Finance and the Review of Financial Studies, and has been invited to many of the top U.S. universities and research institutions to present his work.

He was formerly assistant professor at UCLA Anderson School of Management (2003-2006). Between 1995 and 1999, Professor Braun worked at a highly diversified Chilean business conglomerate (as chief economist, R&D Unit from 1997), and was a Lecturer in economics at Universidad Catolica de Chile. 


Published Academic Papers
  

Braun, Matías & Larrain, Borja. “Do IPOs Affect the Prices of Other Stocks? Evidence from Emerging Markets”. Review of Financial Studies, forthcoming (2009).

 

Aghion, Philippe, Braun, Matías & Fedderke, Johannes. “Competition and Productivity Growth in South Africa”. Economics of Transition, Vol. 16, N. 4, p. 741-768. October 2008.

 

Braun, Matías & Raddatz, Claudio. "Trade Liberalization and the Politics of Financial Development”.  The Journal of Finance, Vol. 63, N. 3, p. 1469-1508, June 2008.

 

Braun, Matías & Raddatz, Claudio. "Trade liberalization, capital account liberalization and the real effects of financial development". Journal of International Money and Finance, Vol. 26, N. 5, p. 730-761, September 2007.

 

Braun, Matías & Larrain, Borja. “Finance and the Business Cycle: International, Inter-industry Evidence”.  The Journal of Finance, Vol.  60, N. 3, June 2005.

 

Braun, Matías & Braun, Juan. “Crecimiento Potencial: El Caso de Chile”. Cuadernos de Economia, April 1999.

 

Arellano, Soledad & Braun, Matías. “Stock de Recursos de la Economia Chilena”. Cuadernos de Economia, April 1999.

 

Arellano, Soledad & Braun, Matías. “Rentabilidad de la Educacion Formal en Chile”. Cuadernos de Economia, April 1999.

 
 
Working Papers
 

Braun, Matías, Astudillo, Alfonso & Castañeda, Pablo. “How do Equity Markets Complete”, November 2008 version.

 

Braun, Matías & Raddatz, Claudio. "Banking on Politics", September 2008 version.

 

Braun, Matías & Briones, Ignacio. “The Development of Bond Markets around the World”, November 2005 version.

 

Braun, Matías & Johnson, Christian. “Where does the Market Matter? Stock Prices and Investment around the World”, November 2005 version.

 

Braun, Matías & Álvarez, Roberto. “Trade Liberalization, Price Distortions, and Resource Reallocation”, November 2005 version.

 
 
 
Book Chapters / Policy Papers

 

Braun, Matías & Briones, Ignacio. “The development of the Chilean Corporate Bond Market”.  In The Development of the Latin American Bond Markets, Eichengreen, Panizza and Borensztein editors, MIT Press, June 2008.

 

Braun, Matías. "The International exposure of U.S. banks: Europe and Latin America compared, a comment". In Capital Controls and Capital Flows in emerging Economies: Policies, Practices and Consequences", Sebastián Edwards editor. The University Chicago Press, 2007.

 
Braun, Matías, Hausmann, Ricardo & Pritchett, Lant. "Disintegration and the Proliferation of Sovereigns: Are there Lessons for Integration". In Integrating the Americas: FTAA and Beyond, edited by A. Estevadeordal, D. Rodrik, A. M. Taylor, and A. Velasco. Cambridge: Harvard University Press, 2004.
 

Braun, Matías & Hausmann, Ricardo. “Financial Development and Credit Crunches: Latin America and the World”. In Latin American Competitiveness Report 2001-2002, edited by J. Vial and P. K. Cornelius. New York: Oxford University Press, 2002.

 
 
Braun, Matías. “Understanding Economic Growth 1970-2005: Analytical Country Studies from the Andean Region /Venezuela”. Center for International Development Harvard University / Corporacion Andina de Fomento. Forthcoming chapter.

 

Braun, Matías & Serra, César. “Understanding Economic Growth 1970-2005: Analytical Country Studies from the Andean Region /Peru”. Center for International Development Harvard University / Corporacion Andina de Fomento. Forthcoming chapter. 

 

Braun, Matías & Serra, César. “Understanding Economic Growth 1970-2005: Analytical Country Studies from the Andean Region /Bolivia”. Center for International Development Harvard University / Corporacion Andina de Fomento. Forthcoming chapter. 


Braun, Matías & Sachs, Jeffrey. "Andean Competitiveness Project: Macro Context". Center for International Development Harvard University.

 

 

Other Papers

 

Braun, Matías & Kuemmerle , Walter. “Valuing Cash Flows in an International Context”, Harvard Business School Case 9-803-028, September 2002.

 

Braun, Matías & Briones, Ignacio. "El Efecto de la Oferta y el Mercado de Bonos Públicos en los Precios de los Bonos Coporativos en Chile", September 2006 version.

 

Braun, Matías. "Financial Contractibility and Asset Hardness", January 2003 version.

   

Braun, Matías. "Tradables, nontradables and the Real Exchange Rate: Evidence from Less Developed Countries", July 2001 version.

 

Braun, Matías. "Transition and the Real Exchange Rate", Dec 1999 version.

 

Braun, Matías, Braun, Juan, Briones, Ignacio, Díaz, José, Luders, Rolf, Wagner, Gert. Economia Chilena: Estadisticas Historicas: 1810-1995". P. Universidad Catolica de Chile, Departamento de Economia, Documento de Trabajo # 187, January 2000.

 

 

Harvard PhD Thesis

 

Braun, Matías. "Essays on Financial Economics", Harvard University, 2003.
 


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Matías Braun

Professor of Economics and Finance Universidad Adolfo Ibañez

Avda. Diagonal Las Torres 2640, Peñalolén, Santiago, Chile. F: (562) 331-1168.

E-mail: matias.braunATuai.cl

Director of Strategy IM Trust

Apoquindo 3721, Las Condes, Santiago, Chile. F: (562) 450-1638. Email: mbraunATimtrust.cl

 

Education

·       Ph.D. in Economics, Harvard University, 2003.

·       B.A. in Business and Economics (Maximum Distinction), P. Universidad Católica de Chile, 1995.

 

Appointments

·       Professor, Escuela de Negocios Universidad Adolfo Ibáñez, 2005-present.

·       Director of Strategy IM Trust, 2006-present. Partner IM Trust, 2008-present.

·       Assistant Professor, UCLA Anderson School of Management, 2003-2006

·       Visiting Scholar, Federal Reserve Bank of Boston, Summer 2004.

·       Center for International Development at Harvard University, Consultant (2005-present, Spring 2002/Fall 2001), Researcher (Summer 2001/Spring 2000).

·       Harvard Business School, Researcher, Fall 2001.

·       National Bureau of Economic Research, Researcher, Summer 2000.

·       Adjunct Professor of Economics, P. Universidad Católica de Chile, 1996-1999.

·       CB Group (Chile), Chief Economist R&D Unit (1997-1999), Research Analyst

(1995-1997).

 

Honors, Awards, and Fellowships

·       “Excelencia Académica” Award for Academic Excellence 2006 & 2007, Universidad Adolfo Ibáñez.

·       Term-Time Research Award, Harvard University, Spring 2003.

·       President of the Republic (Chile) Scholarship for Foreign Graduate Studies, 1999- 2002.

·       Friends of U. Católica Business and Economics School for Ph.D. studies, 1999.

·       Raúl Iver Award, 1996 (top student graduating from U. Católica Business and Economics School).

·       Price Waterhouse Award for Academic Excellence, U. Católica, 1992.

 

Professional Service

·       Referee for American Economic Review, Quarterly Journal of Economics, Journal of Finance, Economics of Transition, Journal of Development Economics, Journal of Comparative Economics.

·       Program Committee Member, Reviewer, and session Chair for Western Finance Association (WFA) Annual Meetings 2005, 2006.

·       Economia Panel Member 2008.

 

Invited Seminars and Presentations

·       2008 Economia Panel – LACEA, The Chile Club, SVS Seminar, U. de Chile.

·       2007 ASSA Annual Meetings, Banco Central de Chile, NBER Corporate Finance, SVS Seminar.

·       2006 Stockholm School of Economics, WFA, HKIMR conference on Capital Markets in Asia, Sociedad Económica de Chile 2006.

·       2005 UCLA, Chicago, NYU, WFA, NBER Corporate Finance, The World Bank.

·       2004 Global Finance, UCLA, Federal Reserve Bank of Boston, UC Santa Cruz, NBER Corporate Finance, NBER International Finance and Macroeconomics.

·       2003 Chicago, Northwestern, MIT, Pompeu Fabra, UCLA, Latin America Econometric Society, Latin American Financial Network.

·       2002 U. Católica de Chile, U. de Chile, Banco Central de Chile.

·       1999 U. Católica de Chile.