This article examines the effect of Federal Reserve announcements on global financial flows to Latin America since the Global Financial Crisis. The Federal Reserve announcements are classified using daily measures of expectations from a shadow rate term structure model as easing (unexpected), tightening (unexpected), easing (expected), and tightening (expected). This classification is then used for an event study on daily global financial flows classified by asset class (debt, equity), currency (all currencies, hard currency, local currency), and region (Latin America, Brazil, and Mexico). The results suggest easing (unexpected) and tightening (unexpected) announcements cause debt outflows but have no effect on equity flows to Latin America. Local currency debt flows to Latin America are more sensitive than the hard currency debt flows and Brazil is the country in Latin America that responds most to these announcements.

JEL Classification: F32, G14, G15, N26

本文考察了自全球金融危机以来美联储公告对全球流入拉丁美洲的资金的影响。美联储公告使用影子利率期限结构模型中的每日预期指标进行分类，即宽松（未预期），紧缩（未预期），宽松（预期）和紧缩（预期）。然后，此分类用于针对按资产类别（债务，权益），货币（所有货币，硬通货，本地货币）和地区（拉丁美洲，巴西和墨西哥）分类的每日全球财务流量进行事件研究。结果表明，宽松（出乎意料）和紧缩（出乎意料）的公告导致债务外流，但对流向拉丁美洲的股本没有影响。

JEL分类： F32，G14，G15，N26