Patricio Valenzuela is currently working in the Macroeconomics Studies Division at the Research Department of the International Monetary Fund (IMF) in Washington DC. Also he has been a researcher at the Inter-American Development Bank, a consultant in the Economic Commission for Latin America and the Caribbean (ECLAC) and a consultant in Fundes International. His main research interests are in the fields of international finance, macroeconomics, public finance, credit risk and risk management with a focus on emerging market economies.