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NICOLÁS CACHANOSKY LAST UPDATE: 3-FEB-16 Metropolitan State University of Denver 1 (857) 284 6365 [United States] Department of Economics 54 (9 11) 4087 2278 [Argentina] Assistant Professor of Economics ncachano@msudenver.edu Campus Box 77, P.O. Box 17362 http://www.ncachanosky.com Denver, CO 80217, United States http://puntodevistaeconomico.wordpress.com

ACADEMIC POSITIONS Metropolitan State Assistant Professor of Economics Since Fall 2013 University of Denver Principles of Macroeconomics Intermediate Macroeconomics Introduction to Econometrics Suffolk University PhD Adjunct Faculty Fall 2010 – Spring 2013 Principles of Microeconomics Principles of Macroeconomics Pontificia Universidad Assistant Professor (campus Rosario) 2008 – 2009 Católica Argentina Public Finance

EDUCATION Suffolk University 2013: PhD in Economics United States

The International Effects of Monetary Policy in the Capital Structure of Production Benjamin W. Powell [chair] (Suffolk University), David G. Tuerck (Suffolk University) and

Steven G. Horwitz (St. Lawrence University) 2012: MS in Economics United States ESEADE 2007: MA in Economics and Political Sciences (Honorific Degree) Argentina UCA 2004: Licentiate in Economics Argentina

OTHER ACADEMIC AND PROFESSIONAL ACTIVITIES Project Fellow Sound Money Project (Atlas Research Network) United States

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PUBLISHED RESEARCH JOURNAL ARTICLES [22] Forthcoming. The View from Vienna: An Analysis of the Renewed Interest in the Mises-Hayek Theory of the Business

Cycle. The Review of Austrian Economics (with Alexander W. Salter –Texas Tech University) [21] Forthcoming. Indirectly (Un)productive Entrepreneurship. Journal of Entrepreneurship and Public Policy (with

Alexandre Padilla –Metropilitan State University of Denver) [20] Forthcoming. Financial Foundations of Austrian Business Cycle Theory. Advances in Austrian Economics (with Peter

Lewin –University of Texas at Dallas) [19] Forthcoming. Monetary Policy, the Composition of GDP, and Crisis Duration in Europe. Global Economic Review DOI:

10.1080/1226508X.2015.1137484 (with Andreas Hoffmann –University of Leipzig) [18] Forthcoming. Argentina’s Post 2001 Economy and the Default of 2014. Quarterly Review of Economics and Finance.

DOI: 10.1016/j.qref.2015.08.002 (with Carolyn Thomas –Metropolitan State University of Denver) [17] 2015. Fiscal Policy and Crowding Out Effects in Capital Based Macroeconomcis with Idle Resources. Journal of Private

Enterprise 30.4:81-95 (with Adrian Ravier –Universidad Francisco Marroquín) [16] 2015. U.S. Monetary Policy’s Impact on Latin America’s Structure of Production (1960-2010). Latin American Journal

of Economics 52.1:95-116 DOI: 10.7764/LAJE.52.1.95 [15] 2015. Expectations in Austrian Business Cycle Theory: Market Share Matters. The Review of Austrian Economics.

28.2:151-165 DOI: 10.1007/s11138-014-0267-7 [14] 2015. Machlup’s Interpretation in Mises’s Epistemology. Journal of the History of Economic Thought 37.1:111-138

DOI: 10.1017/S1053837214000777 (with Gabriel Zanotti –Universidad Francisco Marroquín) [13] 2015. A Proposal of Monetary Reform for Argentina: Flexible Dollarization and Free Banking. The Independent

Review. (19).3:369-426 (with Adrián O. Ravier –Universidad Nacional de La Pampa) [12] 2014. Roundaboutness is not a Mysterious Concept: A Financial Application to Capital Theory. The Review of Political

Economy 26.4:648-665 DOI: 10.1080/09538259.2014.957475 (with Peter Lewin –University of Texas at Dallas) [11] 2014. The Mises-Hayek Business Cycle Theory, Fiat Currencies, and Open Economies. The Review of Austrian

Economics. 27.3:281-299. DOI: 10.1007/s11138-012-0188-2 [10] 2014. The Effects of U.S. Monetary Policy on Colombia and Panama (2002 – 2007). The Quarterly Review of

Economics and Finance. 54:428-436. DOI: 10.1016/j.qref.2014.03.003 [09] 2014. Hayek’s Rule, NGDP Targeting, and the Productivity Norm: Theory and Applications. Journal of Stock & Forex

Trading [Special Issue: “Economics, Finance and Public Policy] (3).2. DOI:10.4172/2168-9458.1000121 [08] 2013. Huerta de Soto’s Concerted Expansion: A Prisoner’s Dilemma in Free Banking? Laissez-Faire 38-39: 1-6 [07] 2012. Mises on Fractional Reserves: A review on Huerta de Soto’s Argument. New Perspectives on Political Economy

(7).2:203-230 [06] 2012. The Law of National Guaranteed Banks in Argentina (1887-1890): Free Banking Failure or Regulatory Failure?

The Independent Review (16).4:569-590 [05] 2011. A Comment on Barnett and Block on Time Deposits and Bagus and Howden on Loan Maturity Mismatching.

Journal of Business Ethics (104).2:219-221. DOI: 10.1007/s10551-011-0900-3 [04] 2011. Calculation and Equilibrium Problems in the Coase Theorem. Quarterly Journal of Austrian Economics (14).1:63-

77 [03] 2010. The Endogenous Stability of Free Banking: Crisis as an Exogenous Phenomenon. New Perspectives on Political

Economy (6).1:31-48 [02] 2010. Spontaneous Orders and Game Theory: A Comparative Conceptual Analysis. Revista de Instituciones, Ideas y

Mercados 52:52-88 [01] 2009. The Definition of Inflation According to Mises: Implications for the Debate on Free Banking. Libertarian Papers

(1).43:1-7 BOOK CHAPTERS [2] 2015. Emplyment VISAs: An International Comparison. In Powell, B. (Ed.) The Economics of Immigration: Market-

Based Approaches, Social Science, and Public Policy. Oxford: Oxford University Press (with Alexandre Padilla –Metropolitan State University of Denver)

[1] 2012. Una Introducción a la Economía Clásica. In A. Ravier (Ed.), Lecturas de Historia del Pensamiento Económico. Madrid: Unión Editorial. pp. 147-166

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WORKING PAPERS/WORK IN PROGRESS [07] Putting Capitalism Back into Capital (with Peter Lewin –University of Texas at Dallas) [SSRN link] [06] The Myth of the Natural Resource Curse: A Case Study for Algeria (with Mohammed Akacem –Metropolitan State

University of Denver) [SSRN link] [05] An Empirical Application of the EVA® Framework to Business Cycles (with Peter Lewin –University of Texas at Dallas)

[SSRN link] [04] What is Capital (Again)? Contributions from Finance and Economics (with Peter Lewin –University of Texas at Dallas)

[SSRN link] [03] NGDP Targeting: Is 5 Percent Too Much? [SSRN link] [02] The Average Period of Production: History of an Idea (with Peter Lewin –University of Texas at Dallas) [SSRN link] [01] A Financial Framework for Understanding Macroeconomic Cycles: The Time Structure of Production is Relevant (with

Peter Lewin –University of Texas at Dallas) [SSRN link]

BOOK REVIEWS [2] 2015. Money, Banking, and the Business Cycle: Volumes I and II by Brian P. Simpson. The Independent Review

(20).5:294-297 [1] 2015. Las Críticas a ‘El Capital en el Siglo XXI’ de Thomas Piketty. Fundación Libertad y Progreso. Buenos Aires,

Argentina.

INTERVIEWS March, 2014 Interview to Nicolás Cachanosky about Bicoins. Semanario Virtud (España) by Rodrigo Molina February, 2014 Interview to Nicolás Cachanosky. Instituto Acción Liberal (Perú) by Nicolás Fuentes Mas June, 2013 Easy Money, the Fed, Latin America. The Free Market (June). by Ryan McMaken June, 2013 OroyFinanzas.com. Diario digital del mercado del oro. Part 1, part 2. by Javier Santacruz Cano

MEDIA CONTRIBUTIONS For a complete list of blog contributions, media appearances, and interviews visit the media section in my website.

SCHOLARSHIPS & AWARDS 2015 College of Business, Metropolitan State University of Denver Dean’s Award for Excellence in Scholarship 2014 THE MONT PÈLERIN SOCIETY 2

nd Prize 2014 Hayek Essay Contest

Article Presented: Implications of Hayek’s Knowledge Problem 2013 APEE: 2013 YOUNG SCHOLARS PROGRAM

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2012 SOCIETY FOR THE DEVELOPMENT OF AUSTRIAN ECONOMICS Don Lavoie Memorial Graduate Essay Competition

Paper presented: The International Effects of Monetary Policy on the Capital Structure of Production: The Cases of Colombia and Panama (2002 – 2007)

2012 2012-2013 HUMANE STUDIES FELLOWHIP 2012 APEE: 2012 YOUNG SCHOLARS PROGRAM 2011 SUFFOLK UNIVERSTY: CITATION FOR ACADEMIC ACHIEVEMENT In recognition of an outstanding academic record in the study of Ph.D. in Economics 2011 APEE: 2011 YOUNG SCHOLARS PROGRAM 2010 ATLAS ECONOMIC RESEARCH FOUNDATION: SOUND MONEY PROJECT Overall Winner Sound Money Essay Contest Paper Presented: The Endogenous Stability of Free Banking: Crisis as an Exogenous

Phenomenon 2009 AUSTRIAN STUDENTS SCHOLAR CONFERENCE 1st Prize Richard E. Fox Prizes for Best Papers Paper Presented: A Misesian Reading of Coase: A Calculation and Equilibrium Problem 2009 SUFFOLK UNIVERSITY Scholarship Koch Scholarship 2008 EUROPEAN CENTER OF AUSTRIAN ECONOMIST FOUNDATION 1

st Prize 2007 Vernon Smith Prize

Article Presented: Nation, State and Liberty 2007 FUNDACIÓN FRIEDRICH A. VON HAYEK Research Scholarship Research Topic: Optimal Taxation Research Director: Dr. Osvaldo Schenone 2006 THE MONT PÈLERIN SOCIETY 3

rd Prize 2006 Hayek Essay Contest

Article Presented: A Spontaneous Peaceful Order of the World 2005 ARGENTINE NATIONAL COUNCIL OF ECONOMIC SCIENCES Special Mention Licentiate in Economics Thesis Contest Thesis Presented: Austrian Theory and the Problem of the Business Cycle [Spanish]

SEMINARS AND PRESENTATIONS 2015, September LIBERTY FUND COLLOQUIUM SALT LAKE CITY, UT Liberty and Responsibility in Corporate Governance 2014, November SOUTHERN ECONOMIC ASSOCIATION ATLANTA, GA Roundaboutness is not a Mysterious Concept: A Financial Application to Capital Theory

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2014, August THE MONT PELERIN SOCIETY (GENERAL MEETING 2014) HONG KONG, CHINA Hayek Fellow 2014, April APEE 2014 CONFERENCE LAS VEGAS, NV Roundaboutness is not a Mysterious Concept: A Financial Application to Capital Theory 2013, November SOUTHERN ECONOMIC ASSOCIATION TAMPA, FL, UNITED STATES ECB’s Monetary Policy Effects at the Industrial Level 2013, April APEE 2013 CONFERENCE MAUI, HI, UNITED STATES The Risk Structure of Production in the Austrian Business Cycle Theory. U.S. Monetary Policy’s Impact on Latin America’s Structure of Production (1960 – 2010). 2012, November SOUTHERN ECONOMIC ASSOCIATION NEW ORLEANS, LA, UNITED STATES The Internation al Effects of Monetary Policy on the Capital Structure of Production: Colombia

and Panama (2002 – 2007). Adverse Selection and the Rational Expectations Critique of the Mises-Hayek Business Cycle

Theory. 2012, October LIBERTY FUND COLLOQUIUM ARLINGTON, VA, UNITED STATES Classical Liberalism in Contemporary Political Philosophy 2012, October LIBERTY FUND COLLOQUIUM ARLINGTON, VA, UNITED STATES Public Policy and Economic Freedom 2012, September GRADUATE STUDENT PAPER WORKSHOP GEORGE MASON UNIVERSITY The International Effects of Monetary Policy on the Capital Structure of Production: Colombia

and Panama (2002 – 2007). 2012, August IV INTERNATIONAL CONFERENCE: THE AUSTRIAN SCHOOL IN THE 21

ST CENTURY ROSARIO, ARGENTINA

Speaker Adverse Selection and the Rational Expectations Critique of the Mises-Hayek Business Cycle Theory

2012, April APEE 2012 CONFERENCE LAS VEGAS, NV, UNITED STATES Speaker The Mises-Hayek Business Cycle Theory, Fiat Currencies and Open Economies 2012, March AUSTRIAN SCHOLARS CONFERENCE 2012 AUBURN, AL, UNITED STATES Speaker The Mises-Hayek Business Cycle Theory, Fiat Currencies and Open Economies 2011, September LIBERTY FUND COLLOQUIUM ARLINGTON, VA, UNITED STATES Public Policy and the Institutions of Liberty 2011, August LIBERTY FUND COLLOQUIUM GUATEMALA, GUATEMALA Classical Liberalism in the Thought of Ludwig von Mises 2011, August Universidad del Salvador Buenos Aires, Argentina Speaker Ciclo Económico Mensual 2011, August INSTITUTO ACTON ARGENTINA Buenos Aires, Argentina Speaker Introduction to the Austrian School of Economics II 2011, August FUNDACIÓN LIBERTAD (CENTRO ADAM SMITH) ROSARIO, ARGENTINA Speaker Free Banking and Monetary Institutions

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2011, July INSTITUTO ACTON ARGENTINA BUENOS AIRES, ARGENTINA Speaker Introduction to the Austrian School of Economics I 2011, April APEE 2011 CONFERENCE NASSAU, THE BAHAMAS Speaker The Law of National Guaranteed Banks in Argentina (1887-1890): Free Banking Failure or

Regulatory Failure? Why Study Free Banking? 2010, April ATLAS TFI CONFERENCE PHILADELPHIA, UNITED STATES Speaker The Endogenous Stability of Free Banking: Crisis as an Exogenous Phenomenon 2009, October AUSTRIAN STUDENTS SCHOLAR CONFERENCE GROVE CITY, UNITED STATES Speaker A Misesian Reading of Coase: A Calculation and Equilibrium Problem 2009, June ANNUAL CYCLE OF CONFERENCES: THE AUSTRIAN SCHOOL OF ECONOMICS ROSARIO, ARGENTINA Speaker Free Banking 2008, November LIBERTY FUND COLLOQUIM MENDOZA, ARGENTINA Adam Smith on Ethics and Economics (Conference Director: Walter Castro) 2008, August 2

ND INTERNATIONAL CONFERENCE: THE AUSTRIAN SCHOOL IN THE 21

ST CENTURY ROSARIO, ARGENTINA

Speaker GDP vs EVA® as an Economic Indicator 2008, August INTENSIVE COURSE ON AUSTRIAN ECONOMICS BUENOS AIRES, ARGENTINA Speaker Israel Kirzner’s ‘Competition & Entrepreneurship’ 2007, December ESEADE, GRADUATION CEREMONY BUENOS AIRES, ARGENTINA Speaker Farewell speech in representation of graduates. 2006, November THE MONT PELERIN SOCIETY (GENERAL MEETING 2006) GUATEMALA, GUATEMALA Fellow 2005, December REUTERS LTD. BUENOS AIRES, ARGENTINA Speaker Argentine debt and the “Argentine Sovereign Debt Analysis” financial tool. 2005, September REUTERS LTD. MONTEVIDEO, URUGUAY Speaker Argentine Debt Reestructuration

PROFESSIONAL EXPERIENCE 2004-2007 REUTERS LTD. ARGENTINA Customer Development Group: Customer Development Executive Senior (Arg. & Uruguay)

Reuters Academy Instructor Account training: Lehman Brothers, Buenos Aires Stock Exchange, Cargill, others. Development of Financial Calculators for the financial market. Development and publication of the ARS + CER Zero Coupon Curve calculation

methodology with Marketing & Content Department and IAMC (Argentine Institute of Capital Markets)

Development, maintenance and training of “Argentine Sovereign Debt Analysis”. Built on Excel and VBA. National users: JP Morgan, Deutsche Bank, ABN Amro, Standard Bank, Citibank, HSBC Bank, BBVA

Banco Francés, Banco Santander Río, Argentine Central Bank.

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International Users: UBS (Stamford), ABN Amro (New York), BNP Paribas (London), Bank Boston

(Montevideo)

2004 Customer Satisfaction Award 2006 Living Fast Award, In recognition of the development of the “Argentine Sovereign

Debt Analyis” and the contribution to the ARS + CER Zero Coupon Curve project. 2007 - 2008 CORPORATE TRAINING ARGENTINA Research & Development

Development of a “Business Simulator” based on EVA® financial methodology. Built on Excel with VBA.

CONSULTANCY 2008 COLEGIO DE MARTILLEROS DE SAN ISIDRO ARGENTINA Realstate Index Development [Director: Dr. Martín Krause, Co-developer: Adrián O. Ravier]

Development of an index on real state market for north regions of Gran Buenos Aires. 2008 GOETHALS CONSULTING GROUP PANAMÁ Tax Reform in Panamá’s Federal Government

Study the viability of a “flat-tax” reform for Panamá proposed by a Presidential Candidate.

EDITORIAL, REFEREE AND OTHER ACADEMIC RESPONSIBILITIES Referee [Journals] Journal of Institutional Economics, The Quarterly Review of Economics and Finance, The Independent Review, The Review of Austrian Economics, Journal of International Financial Markets, Institutions & Money, The Quarterly Journal of Austrian Economics, Journal of Business Ethics, The Journal of Regional Analysis and Policy, RIIM (ex-Libertas), Physica A, Managerial Finance, Journal of the History of Economic Thought, The Review of Political Economy, Journal of Markets and Morality Referee [Books] Columbia University Press Academic Committee The Austrian School in the 21

st Century 2012 Conference (Rosario, Argentina)

The Austrian School in the 21st

Century 2014 Conference (Rosario, Argentina)

AFFILIATIONS The Mont Pelerin Society (MPS) Southern Economic Association (SEA) The Association of Private Enterprise Education (APEE) Society for the Development of Austrian Economics (SDAE) History of Economics Society (HES)

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REFERENCES ACADEMIC Dr. Benjamin Powell Dr. Alexandre Padilla Texas Tech University, Free Market Institute Metropolitan State University of Denver Director Associate Professor benjamin.powell@ttu.edu padilale@msudenver.edu Dr. Steven G. Horwitz Dr. Gabriel Zanotti St. Lawrence University, Department of Economics Universidad Austral, Instituto de Filosofía Department Chair and Charles A. Dana Professor Professor sghorwtiz@stlaw.edu gabrielmises@yahoo.com PRIVATE SECTOR María de la Paz Adrogué Virginia Jaeschke Thomson-Reuters Thomson-Reuters Product Specialist Customer Development Group Team Leader paz.adrogue@thomsonreuters.com virginia.jaeschke@thomsonreuters.com