Este estudio se focaliza en la eficiencia de costos del sistema bancario chileno. Se encuentra evidencia a favor de la existencia de economías de escala en bancos de tamaño pequeño y mediano, no así para los bancos grandes. La inexistencia de evidencia a favor de las economías de ámbito no...

There is an ample literature whose main subject is to build models able to anticipate or provide some early warning signals of problematic financial institutions. This article overview these literature in an attempt to detect latent fragility in the Chilean financial system. Most applications in...

The Chilean economy is historically characterized by an important degree of volatility. Volatility is undesirable in an indexed economy that attempts do disinflate, making the smoothing of the business cycle an issue for economic policy. The article studies the effect of public expenditure...