Chile: Financial Sector Assessment Program—Detailed Assessment of Observance of the IMF Code of Good Practices on Transparency in Monetary and Financial Policies

International Monetary Fund

No 2004/326, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper focuses on key findings of the Detailed Assessment of Observance of the IMF Code of Good Practices on Transparency in Monetary and Financial Policies on Chile. The assessment reveals a high degree of compliance with the Transparency Code, including in the objectives and responsibilities of the central bank. The target and instrument autonomy of the Central Bank of Chile is strong by virtue of being enshrined in the constitution. The process for monetary policy formulation, implementation, and communication is highly transparent.

Keywords: ISCR; CR; BCCh Council; monetary policy; government; president of the republic; promissory notes; monetary policy objective; Central bank legislation; Financial statements; Exchange rate policy; Currencies; Monetary policy instruments (search for similar items in EconPapers)
Pages: 27
Date: 2004-10-21
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