Open economy helps Chile brush aside Fed taper, says CBC's Vial

The Chilean MPC

A relatively open economy, sound macro-economic principles, an independent central bank and rules limiting the expansion of government debt have helped Chile to emerge relatively unscathed from the bouts of volatility in emerging markets that followed the Federal Reserve beginning to taper its asset purchases.

"Openness, depth of financial markets and foreign direct investment helped, by creating counter-flows" to the withdrawal of carry trade positions in Chile, which were sparked as the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: