Liquidity requirements under Basel III are in the process of being applied in Mauritius. The draft guideline on Liquidity Coverage Ratio (LCR) has already been released to the banking industry for consultation and will be issued to the industry this year.
(2012), “Latin America: Vulnerabilities Under Construction?”, IMF Working Paper, WP/12/193, July. 8  Edwards, S. (2010), “The international transmission of interest rate shocks: The Federal Reserve and emerging markets in Latin America and Asia,” Journal of International Money and Finance, 29 contains an empirical examination of the transmission of changes in interest rates in the United States to those of emerging markets.