Chile: Selected Issues

September 26, 2007

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Format: Chicago

Chile: Selected Issues, (USA: International Monetary Fund, 2007) accessed December 23, 2024

Summary

This Selected Issues paper analyzes the properties of the fiscal surplus rule, a key pillar of Chile’s macroeconomic framework. The findings suggest that the rule is near the volatility-minimizing efficiency frontier. The paper assesses the vulnerability of the Chilean banking system to external and domestic shocks, and examines recent trade performance. The study finds that both exports and imports have been driven predominantly by demand factors. There is also some evidence that trade liberalization has contributed to the recent trade expansion, but exchange rate effects are only found to have a marginal impact.

Subject: Banking, Commodities, Copper, Credit, Financial markets, Financial sector development, Foreign exchange, Metal prices, Money, Prices, Real effective exchange rates

Keywords: Bank, Bank heterogeneity, Chilean bank, Chilean banking system, Copper, CR, Credit, Credit growth, Economy affect bank risk, Elasticities in Chile, Exchange rate effect, Financial sector development, Global, ISCR, Metal prices, Price elasticity, Real effective exchange rates, Risk attitude, Structural surplus, Trade, Trade development, Trade volume

Publication Details

Pages:

12
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/332
Stock No:

1CHLEA2007002
ISBN:

9781451807660
ISSN:

1934-7685

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