Showing 1 - 10 of 16
vulnerability, drawing lessons from a detailed comparison of the response of Chile and Australia to recent external shocks and from … useful to identify and then distinguish between two inter-related dimensions of investors' confidence: country-trust and … to improve along these two dimensions of investors' confidence in the medium run, and policies to reduce the impact of …
Persistent link: https://www.econbiz.de/10012468174
How well do countries cope with the aftermath of natural disasters? In particular, do international financial flows help buffer countries in the wake of disasters? This paper focuses on hurricanes (one of the most common and destructive types of disasters), and examines the impact of hurricane...
Persistent link: https://www.econbiz.de/10012465865
the type Chile implemented throughout most of the 1990s reduce a country's vulnerability to contagion. I also deal, albeit … presented in this paper shows that the effectiveness of Chile's controls on inflows has often been overstated. Indeed, Chile was …
Persistent link: https://www.econbiz.de/10012470949
This paper analyzes the effectiveness of capital controls, in particular the Chilean experience with the use of the unremunerated reserve requirement. We examine the effects on interest rates, real exchange rate, and the volume and composition of capital inflows. The effects are elusive and it...
Persistent link: https://www.econbiz.de/10012471122
-based controls on inflows - similar to those implemented by Chile - have the potential for lengthening the maturity of foreign debt …
Persistent link: https://www.econbiz.de/10012471368
, financial regulations and the exchange rate regime. The focus is on the period after 1990, the period when Chile returned to … international capital markets. We also discuss the early 80s, where a currency collapse triggered a financial crisis in Chile … Asian-Russia crisis, showing that Chile did not suffer a sudden-stop, but a current account reversal due to policy reactions …
Persistent link: https://www.econbiz.de/10012467301
statement, we compare the polar cases of Chile and Argentina. While Chile exhibited a significant economic slowdown after August …. We attribute their difference to the fact that Chile is more open to trade than Argentina, and that it appears to suffer …
Persistent link: https://www.econbiz.de/10012467532
Chile from 1991-98. Previous empirical assessments of the encaje conclude that it may have generated some small economic … of small and medium-sized companies in Chile, however, claim that the encaje made it substantially more difficult to …-equation framework. Results indicate that during the encaje, smaller traded firms in Chile experienced significant financial constraints …
Persistent link: https://www.econbiz.de/10012468929
In this paper I analyze, within the context of the new 'financial architecture,' the relationship between exchange rate regimes, capital flows and currency crises in emerging economies. The paper draws on lessons learned during the 1990s, and deals with some of the most important policy...
Persistent link: https://www.econbiz.de/10012470189
analysis of Chile's recent experiences with capital controls and make some comparisons to the recent experiences of Columbia … that capital controls in Chile have had mixed results: while they have allowed the Central Bank to have a greater degree of …
Persistent link: https://www.econbiz.de/10012472013