Well understood by the chairman of the Central Reserve Bank of Peru, Julio Velarde, “The main conclusion is that most of the countries of the region is able to act with appropriate instruments to ensure that the financial system is maintained stable. ” These partnerships have other implications that go beyond the agreements reached and that in itself is a further sign of the maturity that has made the region in recent years. Looking prioritize joint stability the region is a good that benefits all countries together and is an additional contribution to strengthening the long-term growth. Logically, this is a new attraction for foreign investment, but has additional added: after having overcome the turbulence can enhance the flow of foreign direct investment long term, based on the response given by the region before the crisis. Another signal that one can perceive the spirit of cooperation is that the integration of Latin American financial markets possible.
While so far not been realized great strides in the integration of Latin American markets, one of the existing suspicions about the viability of this initiative lay in the region’s response to crisis situations. This severe external crisis, shows that the region can collaborate to strengthen their financial systems to avoid destabilizing elements become its own economy and for the rest of the countries of the region. A new sign of maturity has been in Latin America and it does nothing to generate expectations. We hope that the central banks fulfill their commitments, although I have no doubt that they will. We will meet again tomorrow, Horacio Horacio Daniel Pozzo Pozzo holds a BA in Economics and Master in Economics, both studies at the National University of La Plata (UNLP) -. Since 1999 and for three years he worked on planning and financial management in the private sector.
He then worked as a researcher for the Center for Financial Stability where he participated in research projects for the World Bank, the Embassy of Great Britain, the IDB, CAF, among other international agencies, specializing in matters of Corporate Governance and Risk Capital . From November 2005 through November 2007 was part of the staff of Foundation Capital economists specializing in issues of inflation, monetary policy and the financial system. Currently teaches Macroeconomics II Catholic University La Plata (UCALP), serving as acting assistant professor. Author of several articles on monetary and financial system in the literature.