Second SEACEN-CEMLA Conference, 15-16 November 2012, Punta del Este, Uruguay
SECOND SEACEN-CEMLA CONFERENCEPunta del Este, Uruguay15-16 November 2012 The environment in which central banks operate has changed dramatically in recent years with increased globalization of financial markets. The impact of increasingly integrated financial markets has been felt on the volatility of net capital flows, foreign direct investments, portfolio investments, and volatility of exchange rates. The…