Chile: Selected Issues

September 13, 2004

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Format: Chicago

Chile: Selected Issues, (USA: International Monetary Fund, 2004) accessed December 26, 2024

Summary

This Selected Issues paper reviews the benefits and costs of reserves for Chile, with emphasis on standard methodologies for assessing reserve adequacy. It reports an empirical methodology that analyzes simultaneously key explanatory variables behind a country’s level of reserves. The paper previews mechanisms that could supplement a country’s liquidity needs in times of stress. This paper also describes the instruments available for hedging foreign exchange risk, the demand and supply of foreign exchange hedging in the onshore market, and assesses foreign exchange exposure in different industrial sectors using factor analysis.

Subject: Bonds, Central banks, Currencies, Financial institutions, Financial regulation and supervision, Financial services, Foreign exchange, Hedging, Reserve positions, Yield curve

Keywords: Africa, Australia and New Zealand, Bonds, CR, Estimate, Estimates of trend GDP, Exchange rate, Filtered estimate, Finance trend GDP estimate, Foreign exchange exposure, Global, Hedging, ISCR, Market, Ministry of Finance estimate, Recent Trend GDP, Reserve positions, U.S. dollar, Yield curve

Publication Details

Pages:

58
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/292
Stock No:

1CHLEA0032004
ISBN:

9781451807608
ISSN:

1934-7685

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