Fed's Kroszner: subprime lessons for Latin America

Latin America is not decoupled from the US and the rest of the world. It is increasingly connected through global capital flows and capital markets, said Randall Kroszner, a governor of the Federal Reserve.

Even if Latin American markets have yet to experience the strains prevalent in others, it is important to be proactive about stress testing and scenario analysis, stated Kroszner.

Liquidity risk management may have even greater relevance in Latin American markets, where securities tend to be

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