<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0301-7036</journal-id>
<journal-title><![CDATA[Problemas del desarrollo]]></journal-title>
<abbrev-journal-title><![CDATA[Prob. Des]]></abbrev-journal-title>
<issn>0301-7036</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional Autónoma de México, Instituto de Investigaciones Económicas]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0301-70362016000300031</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Lecciones de la Crisis del Euro para la Cooperación Financiera Regional]]></article-title>
<article-title xml:lang="fr"><![CDATA[Leçons de la Crise de l&#8217;Euro pour la Coopération Financière Régionale]]></article-title>
<article-title xml:lang="pt"><![CDATA[Lições da Crise do Euro para a Cooperação Financeira Regional]]></article-title>
<article-title xml:lang="zh"><![CDATA[&#27431;&#20803;&#21361;&#26426;&#24102;&#32473;&#21306;&#22495;&#37329;&#34701;&#21512;&#20316;&#30340;&#35686;&#31034;]]></article-title>
<article-title xml:lang="en"><![CDATA[Lessons from the Euro Crisis for Regional Financial Cooperation]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Ugarteche]]></surname>
<given-names><![CDATA[Oscar]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,UNAM Instituto de Investigaciones Económicas ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>08</month>
<year>2016</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>08</month>
<year>2016</year>
</pub-date>
<volume>47</volume>
<numero>186</numero>
<fpage>31</fpage>
<lpage>57</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S0301-70362016000300031&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S0301-70362016000300031&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S0301-70362016000300031&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen: La cooperación financiera regional (CFR) busca asegurar liquidez a los bancos centrales, construir y mantener el riesgo regional relativamente homogéneo. Un aspecto de la CFR son los requisitos fiscales para asegurar la estabilidad y homogeneidad de precios de los países miembros. La unidad de cuentas regional requiere de un fondo de estabilización y de un fondo de rescate de la deuda para asegurar los spreads. El presente trabajo revisa las lecciones para América Latina del funcionamiento de la CFR en Europa antes y durante la crisis del euro.]]></p></abstract>
<abstract abstract-type="short" xml:lang="fr"><p><![CDATA[Résumé: La coopération financière régionale (CFR) cherche à assurer des liquidités aux banques centrales et maintenir le risque régional relativement homogène. Un des aspects de la CFR, ce sont les conditions fiscales pour assurer la stabilité et l&#8217;homogénéité des prix dans les pays membres. L&#8217;unité des comptes régionale requiert un fond de stabilisation et de sauvetage de la dette pour assurer les spreads. Cet article révise les leçons que l&#8217;Amérique latine peut tirer du fonctionnement de la CFR en Europe avant et pendant la crise de l&#8217;euro.]]></p></abstract>
<abstract abstract-type="short" xml:lang="pt"><p><![CDATA[Resumo: A cooperação financeira regional (CFR) procura assegurar liquidez aos bancos centrais e construir e manter o risco regional relativamente homogêneo. Um aspecto da CFR é o dos requisitos fiscais para assegurar a estabilidade e homogeneidade de preços dos países membros. A unidade de contas regional requer de um fundo de estabilização e de um fundo de resgate da dívida para assegurar os spreads. O presente trabalho revisa as lições para América Latina do funcionamento da CFR na Europa antes e durante a crise do Euro.]]></p></abstract>
<abstract abstract-type="short" xml:lang="zh"><p><![CDATA[&#25688;&#35201;: &#21306;&#22495;&#37329;&#34701;&#21512;&#20316;&#65288;CFR&#65289;&#26088;&#22312;&#30830;&#20445;&#20013;&#22830;&#38134;&#34892;&#30340;&#27969;&#21160;&#24615;, &#21516;&#26102;&#24314;&#31435;&#21450;&#32500;&#25345;&#30456;&#23545;&#24179;&#22343;&#30340;&#21306;&#22495;&#39118;&#38505;&#12290;CFR &#30340;&#19968;&#26041;&#38754;&#26159;&#36130;&#25919;&#35201;&#27714;, &#20197;&#27492;&#20445;&#38556;&#25104;&#21592;&#22269;&#20215;&#26684;&#30340;&#31283;&#23450;&#24615;&#21644;&#19968;&#33268;&#24615;&#12290;&#32780;&#21306;&#22495;&#36134;&#25143;&#30340;&#21327;&#35843;&#21017;&#38656;&#35201;&#19968;&#20010;&#31283;&#23450;&#22522;&#37329;&#21644;&#20538;&#21153;&#25937;&#21161;&#22522;&#37329;, &#20197;&#30830;&#20445;&#20538;&#21153;&#21033;&#24046;&#12290;&#26412;&#25991;&#25506;&#35752;&#27431;&#27954;CFR &#22312;&#27431;&#20803;&#21361;&#26426;&#21069;&#21450;&#27431;&#20803;&#21361;&#26426;&#20013;&#30340;&#36816;&#20316;&#26426;&#21046;&#23545;&#25289;&#32654;&#30340;&#35686;&#31034;&#12290;]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract: Regional financial cooperation (RFC) aims to secure the liquidity of central banks and build and maintain regional risk to be relatively homogenous. One aspect of RFC consists of the fiscal requirements to guarantee price stability and homogeneity among member countries. The regional accounts unit requires a stabilization fund and a debt bailout fund in order to ensure the spreads. This paper provides an overview of lessons for Latin America based on how RFC has worked in Europe, both before and throughout the euro crisis.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[crisis del euro]]></kwd>
<kwd lng="es"><![CDATA[tipo de cambio]]></kwd>
<kwd lng="es"><![CDATA[cooperación financiera]]></kwd>
<kwd lng="es"><![CDATA[bancos centrales]]></kwd>
<kwd lng="es"><![CDATA[sistema monetario]]></kwd>
<kwd lng="fr"><![CDATA[crise de l&#8217;euro]]></kwd>
<kwd lng="fr"><![CDATA[taux de change]]></kwd>
<kwd lng="fr"><![CDATA[coopération financière]]></kwd>
<kwd lng="fr"><![CDATA[banques centrales]]></kwd>
<kwd lng="fr"><![CDATA[système monétaire]]></kwd>
<kwd lng="pt"><![CDATA[crise do euro]]></kwd>
<kwd lng="pt"><![CDATA[taxa de câmbio]]></kwd>
<kwd lng="pt"><![CDATA[cooperação financeira]]></kwd>
<kwd lng="pt"><![CDATA[bancos centrais]]></kwd>
<kwd lng="pt"><![CDATA[sistema monetário]]></kwd>
<kwd lng="zh"><![CDATA[&#27431;&#20803;&#21361;&#26426;]]></kwd>
<kwd lng="zh"><![CDATA[&#27719;&#29575;]]></kwd>
<kwd lng="zh"><![CDATA[&#37329;&#34701;&#21512;&#20316;]]></kwd>
<kwd lng="zh"><![CDATA[&#20013;&#22830; &#38134;&#34892;]]></kwd>
<kwd lng="zh"><![CDATA[&#36135;&#24065;&#31995;&#32479;]]></kwd>
<kwd lng="en"><![CDATA[Euro crisis]]></kwd>
<kwd lng="en"><![CDATA[exchange rate]]></kwd>
<kwd lng="en"><![CDATA[financial cooperation]]></kwd>
<kwd lng="en"><![CDATA[central banks]]></kwd>
<kwd lng="en"><![CDATA[monetary system]]></kwd>
</kwd-group>
</article-meta>
</front><back>
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