We present a small-open-economy model to analyze the role of central bank’s liquidity management in implementing … central bank uses to manage the liquidity in the economy, which creates a role for the central bank balance sheet in … eligible collaterals accepted at the liquidity facilities operated by the central bank. These policies have been recently …

on current topics such as: the measurement of systemic risk, reserve requirements and its role in monetary policy, the … application of the Basel II default definition by credit risk assessment systems, and changes in credit portfolio management …, amongst others. Recent evolutions of the Risk Management Institute's Credit Research Initiative are also reported, including a …

reviews the current state of liquidity in the Chilean fixed-income markets and developments and impediments to the supply of …

narrow range of commodity exports and the rapid credit growth are also sources of risk. Although the bank supervision …

were characterized by rapid growth without major contractions, by an increase in liquidity, a lack of inflation, and a … generalized decrease in risk premiums. Additional similarities included significant changes in the financing of real estate by …

This paper discusses operational aspects of official emergency liquidity support to individual institutions under …