Implications of the euro for Latin America ’ s financial and banking systems

  title={Implications of the euro for Latin America ’ s financial and banking systems},
  author={Eduardo Levy Yeyati and Federico Sturzenegger},
  • Eduardo Levy Yeyati, Federico Sturzenegger
  • Published 1999
This paper explores the impact of the euro on Latin America. We disregard both trade and changes in optimal debt strategies as important transmission channels. However, we present evidence suggesting that capital flows into and out of Latin America may be influenced by movements in European interest rates to a far greater extent than previously expected. We conclude with a discussion of the implication of the euro for the Latin American banking system. We argue that the euro will accelerate the… CONTINUE READING


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