Financial Advisory · San Diego / Latin America

Cross-border
financial expertise

Ph.D. in Finance and Associate Professor at the University of San Diego. Former central banker and pension fund regulator. Bridging academic rigor with real-world financial markets — bilingual in English and Spanish.

Luis Ceballos, Ph.D.
Associate Professor of Finance
Knauss School of Business
University of San Diego
Expertise
01
FX Risk & Hedging
Currency swaps, forwards, and cross-currency instruments for companies with USD/MXN or USD/CLP exposure.
02
Debt Structuring
Corporate bond issuance, bank financing, and capital structure optimization for Latin companies in U.S. markets.
03
Fixed Income & Rates
Interest rate risk, duration management, and quantitative portfolio advisory in global bond markets.
04
Expert Witness
Financial expert testimony in litigation involving derivatives, bond markets, and cross-border transactions.
05
Executive Training
Workshops on derivatives, fixed income, FX risk, and AI-based financial tools for corporate treasury teams.
06
Due Diligence
Quantitative analysis for M&A transactions, credit risk assessment, and cross-border investment decisions.
Background
Professional experience
2022 – Present
Associate Professor of Finance Current
University of San Diego · Knauss School of Business
2008 – 2018
Senior Economist
Central Bank of Chile
2008
Pension Fund Regulator
Superintendencia de Pensiones, Chile
Academic credentials
2018 – 2022
Ph.D. in Finance
Penn State University · Smeal College of Business
2013
Master of Financial Engineering
UC Berkeley · Haas School of Business
2010
M.S. in Finance
Universidad de Chile
In the press
Forthcoming
Can AI Generate Value in Global Fixed-Income Portfolios?
Interview on AI-driven fixed income portfolio management and the limits of LLMs vs human active managers. Market Perspectives, S&P Global.
Read interview
Dec 2025
Chile To Cut Rates Twice Next Year
Forecasts two additional 25bp cuts by the Central Bank of Chile, bringing rates to 4% — slightly below the neutral level estimated by the board.
Read interview
Jul 2025
Chile Likely To Resume Easing Cycle
June CPI data and domestic financial conditions support a 25bp cut despite persistent global uncertainty from trade tariffs.
Read interview
Jul 2024
Chile: Easing Cycle Nearing Its End
Analyzes the final stages of Chile's 550bp rate-cutting cycle, signaling a pause amid persistent core inflation and hawkish Fed pressure on EM economies.
Read preview
Nov 2025
How AI Is Changing Financial Markets
Featured speaker at USD executive event on AI and global bond investing — exploring whether AI-driven portfolios can outperform human managers.
View event
Academic Experience
Recent publications
Journal of Fixed Income · 2026
Can AI Generate Value in Global Fixed Income Portfolios?
Economics Letters · 2026
Non-Fundamental Price Pressure and the Pass-Through to Mortgage Rates
Journal of International Money and Finance · 2025
A Post-Pandemic New Normal for Interest Rates in Emerging Bond Markets?
Journal of International Economics · 2024
UIP Deviations: Insights from Event Studies
Journal of Empirical Finance · 2024
Is Firm-level Political Risk Priced in the Corporate Bond Market?
Economics Letters · 2024
Do Investors Care about Inflation Risk? Evidence from Global Bond Portfolio Allocation
Courses taught
GraduateFixed Income & Structured Finance
GraduateEconomics for Finance
UndergraduateInvestments
UndergraduateInternational Financial Management
UndergraduateFixed Income
Also atPenn State · Tecnológico de Monterrey
Academic website

Let's talk

Available for consulting engagements, expert witness assignments, and executive training. Based in San Diego, CA — serving clients across the U.S. and Latin America.

luisceballos@sandiego.edu
+1 (814) 769-0020
Olin Hall 207 · San Diego, CA
LinkedIn

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