Structural Volatility in Chile: A Policy Report

Ricardo Caballero ()

No 1323, IDB Publications (Working Papers) from Inter-American Development Bank

Abstract: This paper identifies Chile's economic weaknesses and offers policy recommendations for increasing stability. Current problems include weak international financial links, a Central Bank mandate that is ill-designed to deal with terms of trade shocks, a propensity to waste scarce liquidity in the banking system; and limited development of financial markets. The paper's policy recommendations include improving external financial links, molding terms of trade contingencies into anti-cyclical policies, Improving liquidity aggregation through and within the banking sector during crises, and improving the liquidity and immediacy of domestic financial instruments.

Keywords: economic stabilization; WP-421; economic policy; structural adjustment (search for similar items in EconPapers)
Date: 2000-08
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Citations: View citations in EconPapers (2)

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Working Paper: Structural Volatility in Chile: A Policy Report (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:idb:brikps:1323

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