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-income Latin American countries: Argentina, Brazil, Chile, Colombia, Mexico, and Peru. It explores the role played by several … different subnational levels of steady state. For the latter countries and Chile, convergence is also higher after controlling …
Persistent link: https://www.econbiz.de/10014400374
This paper reviews macroeconomic aspects of pension reforms in Latin America, focusing on financial market stability and fiscal sustainability. Concentration of pension fund portfolios in government bonds remains high, and the lack of new investment alternatives has distorted asset prices....
Persistent link: https://www.econbiz.de/10014400440
Chile during the 1990s, this time in parallel with increased exchange rate flexibility. Capital account regulations were …
Persistent link: https://www.econbiz.de/10014400730
This paper shows that it is possible to estimate the importance of different types of wage contracts at the aggregate level using the same data used to estimate standard Phillips curves. It finds that the behavior of the Chilean private aggregate wage during the 1980s is well described by...
Persistent link: https://www.econbiz.de/10014400815
This paper reviews the evolution of certain price and nonprice competitiveness indicators in Chile and concludes that …
Persistent link: https://www.econbiz.de/10014400832
. Controls on Chile’s inflows had only a temporary impact in reducing specific inflows because they were affected by avoidance …
Persistent link: https://www.econbiz.de/10014400857
assesses foreign exchange exposure in the corporate sector in Chile, analyzes the current state of the foreign exchange … derivatives market in Chile, and argues that liquid and developed foreign exchange derivatives markets can help promote financial …
Persistent link: https://www.econbiz.de/10014401031
This paper explores how the global turmoil affected the risk of banks operating in Chile, and provides evidence that … impact of the global financial crisis was limited, inducing at most a one-rating downgrade to banks operating in Chile. The …
Persistent link: https://www.econbiz.de/10014402798
This 2008 Article IV Consultation highlights that the Chilean economy has proved resilient in the face of strong economic and financial headwinds during the past year. Rising world prices for energy and food have been exacerbated by drought and a tight domestic energy situation. The government...
Persistent link: https://www.econbiz.de/10014402896
This book, edited by Joaquín Muns, contains papers presented at a seminar in Viña del Mar, Chile, under the sponsorship … of the Central Bank of Chile, the Federico Santa María University, and the IMF …
Persistent link: https://www.econbiz.de/10014403106