Carlos Arteta is the Manager of the Prospects Group at the World Bank, where he heads the work program on global macroeconomic surveillance, leads the Global Economic Prospects and the Commodity Markets Outlook reports, and manages more than 40 staff. Previously, he served as Principal Economist in the International Finance Division of the Federal Reserve Board and as Deputy Chief International Economist at the U.S. Treasury. His work experience includes research and policy work on international macroeconomics, on a wide range of topics including monetary policy, financial crises, financial dollarization, exchange rates, international banking, and sovereign debt. His research has been published in numerous refereed journals and policy outlets. He also has extensive experience in monitoring and analysis of macro-financial issues in the Euro Area, Emerging Europe, Latin America, and China. Mr. Arteta holds a Ph.D. in Economics from the University of California at Berkeley.