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Eduardo Levy Yeyati

Eduardo Levy Yeyati is Director of the Center for Financial Research at Universidad Torucato Di Tella in Buenos Aires.

Titles by This Editor

Debates and Policy Alternatives

With the persistent instability of international financial markets, emerging economies are exploring new ways to reduce exposure to capital flow volatility. Some analysts argue that financially open economies are best served by more flexible regimes, while others argue in favor of extreme exchange rate regimes that have a strong commitment to a fixed parity or dispense with an independent currency. The successful launch of the euro has made more realistic the prospect of replacing a national currency with a strong foreign one.