Structural Volatility in Chile: A Policy Report
This paper identifies Chile's economic weaknesses and offers policy recommendations for increasing stability. Current problems include weak international financial links, a Central Bank mandate that is ill-designed to deal with terms of trade shocks, a propensity to waste scarce liquidity in the banking system; and limited development of financial markets. The paper's policy recommendations include improving external financial links, molding terms of trade contingencies into anti-cyclical policies, Improving liquidity aggregation through and within the banking sector during crises, and improving the liquidity and immediacy of domestic financial instruments.
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| Format: | Working Papers biblioteca |
| Language: | English |
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Inter-American Development Bank
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| Subjects: | Financial Sector, Capital Flow, economic stabilization;WP-421;economic policy;structural adjustment, |
| Online Access: | http://dx.doi.org/10.18235/0010780 https://publications.iadb.org/en/structural-volatility-chile-policy-report |
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