MBA@UNC Global Immersion: Buenos Aires Day Three

MBA@UNC Global Immersions are offered four times a year as unique opportunities for students to travel to major international business destinations with their fellow classmates, participate in engaging discussions with their professors and elite industry leaders, as well as apply what they have learned to real-life problems they now have the knowledge to effectively overcome. At the Buenos Aires immersion, MBA@UNC students participated in a track focused on navigating the Argentinian market. Throughout the third day, MBA@UNC students learned about the financial markets of Argentina and how to manage risk and reward while doing business in the country.

Session 1: Emerging Markets: Managing Risks and Rewards

Day three of the Buenos Aires immersion began with a session by Professor Christian Lundblad, who is the Edward M. O’Herron Distinguished Scholar and Professor of Finance at UNC Kenan-Flagler. His research spans asset pricing and international finance, with a specialization in emerging market development and has recently served as a financial economist at the Federal Reserve Board in Washington, DC.

Professor Lundblad’s session began by comparing the financial market and economic history of Argentina versus America in the last 10 years and describing what makes an emerging market. He then discussed what types of risks may come with entering an emerging market, and how to manage and navigate those risks. Lastly, Professor Lundblad gave a strategy for measuring the risk of entering certain emerging markets, in order to quantify the widely disparate types of economic, political, financial, and practical challenges that may occur while doing business across the world.

Session 2: Understanding Argentinian Financial Markets

The final day of the immersion concluded with a session by Andrés de la Cruz, who is a partner of Cleary Gottlieb law firm, based out of the New York and Buenos Aires offices. Mr. de la Cruz’s practice focuses on advising private and public sector clients in connection with cross-border corporate and financial matters, including debt restructurings, securities offerings, structured financing, as well as mergers and acquisitions and joint ventures.

His session focused on the trends of Argentina’s trade and economic growth and the repercussions of the country’s monetary policy and debt structuring.