NICOLS CACHANOSKY

Metropolitan State University of Denver

Department of Economics
Assistant Professor of Economics
Campus Box 77, P.O. Box 17362
Denver, CO 80217, United States

LAST UPDATE: 3-FEB-16

1 (857) 284 6365 [United States]
54 (9 11) 4087 2278 [Argentina]
ncachano@msudenver.edu
http://www.ncachanosky.com
http://puntodevistaeconomico.wordpress.com

ACADEMIC POSITIONS
Metropolitan State
University of Denver

Assistant Professor of Economics

Principles of Macroeconomics
Intermediate Macroeconomics
Introduction to Econometrics

Suffolk University

PhD Adjunct Faculty

Principles of Microeconomics
Principles of Macroeconomics

Pontificia Universidad
Catlica Argentina

Assistant Professor (campus Rosario)

Public Finance

Since Fall 2013

Fall 2010 Spring 2013

2008 2009

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)

e-mail: ncachano@msudenver.edu

United States

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Nicolas Cachanosky

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. Argentinas 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 Marroqun)
[16] 2015. U.S. Monetary Policys Impact on Latin Americas 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. Machlups Interpretation in Misess Epistemology. Journal of the History of Economic Thought 37.1:111-138
DOI: 10.1017/S1053837214000777 (with Gabriel Zanotti Universidad Francisco Marroqun)
[13] 2015. A Proposal of Monetary Reform for Argentina: Flexible Dollarization and Free Banking. The Independent
Review. (19).3:369-426 (with Adrin 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. Hayeks 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 Sotos Concerted Expansion: A Prisoners Dilemma in Free Banking? Laissez-Faire 38-39: 1-6
[07] 2012. Mises on Fractional Reserves: A review on Huerta de Sotos 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).1:6377
[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: MarketBased Approaches, Social Science, and Public Policy. Oxford: Oxford University Press (with Alexandre Padilla
Metropolitan State University of Denver)
[1] 2012. Una Introduccin a la Economa Clsica. In A. Ravier (Ed.), Lecturas de Historia del Pensamiento Econmico.
Madrid: Unin Editorial. pp. 147-166
e-mail: ncachano@msudenver.edu

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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 Crticas a El Capital en el Siglo XXI de Thomas Piketty. Fundacin Libertad y Progreso. Buenos Aires,
Argentina.

INTERVIEWS
March, 2014

Interview to Nicols Cachanosky about Bicoins. Semanario Virtud (Espaa)

by Rodrigo Molina

February, 2014

Interview to Nicols Cachanosky. Instituto Accin Liberal (Per)

by Nicols 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

Deans Award for Excellence in Scholarship

2014
nd
2 Prize

THE MONT PLERIN SOCIETY

2014 Hayek Essay Contest
Article Presented: Implications of Hayeks Knowledge Problem

2013

APEE: 2013 YOUNG SCHOLARS PROGRAM

e-mail: ncachano@msudenver.edu

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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
Overall Winner

ATLAS ECONOMIC RESEARCH FOUNDATION: SOUND MONEY PROJECT

Sound Money Essay Contest
Paper Presented: The Endogenous Stability of Free Banking: Crisis as an Exogenous
Phenomenon

2009
1st Prize

AUSTRIAN STUDENTS SCHOLAR CONFERENCE

Richard E. Fox Prizes for Best Papers
Paper Presented: A Misesian Reading of Coase: A Calculation and Equilibrium Problem

2009
Scholarship

SUFFOLK UNIVERSITY
Koch Scholarship

2008
st
1 Prize

EUROPEAN CENTER OF AUSTRIAN ECONOMIST FOUNDATION

2007 Vernon Smith Prize
Article Presented: Nation, State and Liberty

2007
Research Scholarship

FUNDACIN FRIEDRICH A. VON HAYEK

Research Topic: Optimal Taxation
Research Director: Dr. Osvaldo Schenone

2006
rd
3 Prize

THE MONT PLERIN SOCIETY

2006 Hayek Essay Contest
Article Presented: A Spontaneous Peaceful Order of the World

2005
Special Mention

ARGENTINE NATIONAL COUNCIL OF ECONOMIC SCIENCES

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

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

e-mail: ncachano@msudenver.edu

SALT LAKE CITY, UT

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Nicolas Cachanosky
2014, August

THE MONT PELERIN SOCIETY (GENERAL MEETING 2014)

Hayek Fellow

HONG KONG, CHINA

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

ECBs 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 Policys Impact on Latin Americas 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

Classical Liberalism in Contemporary Political Philosophy

ARLINGTON, VA, UNITED STATES

2012, October

LIBERTY FUND COLLOQUIUM

Public Policy and Economic Freedom

ARLINGTON, VA, UNITED STATES

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
Speaker

IV INTERNATIONAL CONFERENCE: THE AUSTRIAN SCHOOL IN THE 21 CENTURY

ROSARIO, ARGENTINA
Adverse Selection and the Rational Expectations Critique of the Mises-Hayek Business Cycle
Theory

2012, April
Speaker

APEE 2012 CONFERENCE

LAS VEGAS, NV, UNITED STATES
The Mises-Hayek Business Cycle Theory, Fiat Currencies and Open Economies

2012, March
Speaker

AUSTRIAN SCHOLARS CONFERENCE 2012

AUBURN, AL, UNITED STATES
The Mises-Hayek Business Cycle Theory, Fiat Currencies and Open Economies

2011, September

LIBERTY FUND COLLOQUIUM

Public Policy and the Institutions of Liberty

2011, August

LIBERTY FUND COLLOQUIUM

Classical Liberalism in the Thought of Ludwig von Mises

2011, August
Speaker

Universidad del Salvador

Ciclo Econmico Mensual

Buenos Aires, Argentina

2011, August
Speaker

INSTITUTO ACTON ARGENTINA

Introduction to the Austrian School of Economics II

Buenos Aires, Argentina

2011, August
Speaker

FUNDACIN LIBERTAD (CENTRO ADAM SMITH)

Free Banking and Monetary Institutions

TAMPA, FL, UNITED STATES

ST

e-mail: ncachano@msudenver.edu

ARLINGTON, VA, UNITED STATES

GUATEMALA, GUATEMALA

ROSARIO, ARGENTINA

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Nicolas Cachanosky
2011, July
Speaker

INSTITUTO ACTON ARGENTINA

Introduction to the Austrian School of Economics I

BUENOS AIRES, ARGENTINA

2011, April
Speaker

APEE 2011 CONFERENCE

NASSAU, THE BAHAMAS
The Law of National Guaranteed Banks in Argentina (1887-1890): Free Banking Failure or
Regulatory Failure?
Why Study Free Banking?

2010, April
Speaker

ATLAS TFI CONFERENCE

PHILADELPHIA, UNITED STATES
The Endogenous Stability of Free Banking: Crisis as an Exogenous Phenomenon

2009, October
Speaker

AUSTRIAN STUDENTS SCHOLAR CONFERENCE

GROVE CITY, UNITED STATES
A Misesian Reading of Coase: A Calculation and Equilibrium Problem

2009, June
Speaker

ANNUAL CYCLE OF CONFERENCES: THE AUSTRIAN SCHOOL OF ECONOMICS

Free Banking

2008, November

LIBERTY FUND COLLOQUIM

MENDOZA, ARGENTINA
Adam Smith on Ethics and Economics (Conference Director: Walter Castro)

2008, August
Speaker

2 INTERNATIONAL CONFERENCE: THE AUSTRIAN SCHOOL IN THE 21 CENTURY

GDP vs EVA as an Economic Indicator

2008, August
Speaker

INTENSIVE COURSE ON AUSTRIAN ECONOMICS

Israel Kirzners Competition & Entrepreneurship

BUENOS AIRES, ARGENTINA

2007, December
Speaker

ESEADE, GRADUATION CEREMONY

Farewell speech in representation of graduates.

BUENOS AIRES, ARGENTINA

2006, November
Fellow

THE MONT PELERIN SOCIETY (GENERAL MEETING 2006)

GUATEMALA, GUATEMALA

2005, December
Speaker

REUTERS LTD.
BUENOS AIRES, ARGENTINA
Argentine debt and the Argentine Sovereign Debt Analysis financial tool.

2005, September
Speaker

REUTERS LTD.
Argentine Debt Reestructuration

ND

ST

ROSARIO, ARGENTINA

ROSARIO, ARGENTINA

MONTEVIDEO, URUGUAY

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 Francs, Banco Santander Ro, Argentine Central Bank.

e-mail: ncachano@msudenver.edu

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

2007 - 2008

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.

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. Martn Krause, Co-developer: Adrin O. Ravier]
Development of an index on real state market for north regions of Gran Buenos Aires.

2008

GOETHALS CONSULTING GROUP

PANAM
Tax Reform in Panams Federal Government
Study the viability of a flat-tax reform for Panam 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
st
The Austrian School in the 21 Century 2012 Conference (Rosario, Argentina)
st
The Austrian School in the 21 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)

e-mail: ncachano@msudenver.edu

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Nicolas Cachanosky

REFERENCES
ACADEMIC
Dr. Benjamin Powell
Texas Tech University, Free Market Institute
Director
benjamin.powell@ttu.edu

Dr. Alexandre Padilla

Metropolitan State University of Denver
Associate Professor
padilale@msudenver.edu

Dr. Steven G. Horwitz

St. Lawrence University, Department of Economics
Department Chair and Charles A. Dana Professor
sghorwtiz@stlaw.edu

Dr. Gabriel Zanotti

Universidad Austral, Instituto de Filosofa
Professor
gabrielmises@yahoo.com

PRIVATE SECTOR
Mara de la Paz Adrogu
Thomson-Reuters
Product Specialist
paz.adrogue@thomsonreuters.com

Virginia Jaeschke
Thomson-Reuters
Customer Development Group Team Leader
virginia.jaeschke@thomsonreuters.com

e-mail: ncachano@msudenver.edu

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