Chile
Chilean rates reach five-year high
Chile's central bank lifted its overnight lending rate to the highest in five years, and suggested that additional tightening is likely to be needed to keep inflation anchored around the 3% inflation target.
Is an international lender welfare enhancing?
This Central Bank of Chile working paper examines the role of an extra lender in the international markets - such the IMF or another similar institution. The authors suggest that the existence of such a lender "is not beneficial from a welfare standpoint…
Chile announces first rate rise in a year
The Central Bank of Chile raised interest rates for the first time in a year and hinted that there was more to come. In a widely anticipated move, the central bank's five-strong board raised rates 25 basis points to 5.25%.
Unexpected June price rises in Chile
Consumer prices in Chile rose 0.9% in June, representing their biggest monthly rise since September 2005. Food and housing costs were largely responsible for the shock.
New Bank of Chile paper on inflation expectations
This paper studies the relationship between inflation compensation and inflation expectations in Chile. The results show that inflation-expectations movements account for about only 25% of the relative returns, indicating that premiums are a very…
Rates on hold in Chile
Chile's central bank held its overnight lending rate unchanged for a fifth month in a row, but suggested that higher interest rates may be necessary later this year as inflation accelerates.
Chile's Corbo sees inflation at low end of range
Chilean central bank President Vittorio Corbo told reporters Wednesday 21 March he sees inflation at the low end of the central bank's target range in the coming months as economic growth "gradually" rebounds.
Chile's Corbo on the Fund's medium-term strategy
In the speech 'The Fund's medium-term strategy - a view from Latin America and a dialogue with high-level officials' given on 11 December Vittorio Corbo of the Central Bank of Chile said after almost twenty years since the debt crisis of the eighties, a…
BIS papers on financial globalisation
On 19-20 June 2006, the BIS held its fifth Annual Conference, on Financial Globalisation, in Brunnen, Switzerland. The BIS published Papers from the event on 28 December.
Chilean cb's study of sovereign debt in Americas
This paper contains the first comprehensive database on sovereign debt systematically compiled to ensure comparability for all countries in the Americas, the authors claim.
Living standards and the wealth of nations: successes and failures in real convergence.
Edited by Leszek Balcerowicz and Stanley Fischer. MIT Press, 2006.
Central Bank of Chile - Annual Report 2005
According to the Central Bank of Chile's Annual Report 2005, in 2005, the Chilean economy continued to face very favorable external conditions.
Inflation targeting in dollarized economies
According to this Working Paper from the Central Bank of Chile, the shift to an inflation targeting regime has contributed to the relatively low inflation observed in some emerging market economies.
Inflation targeting in dollarized economies
According to this IMF Working Paper, the shift to inflation targeting has contributed to the relatively low inflation observed in some emerging market economies.
Chile's Corbo on central banks & global imbalances
In the speech 'Central banks and global imbalances' given on 9 June Vittorio Corbo of the Central Bank of Chile said the way in which global imbalances will unwind is one of the major uncertainties that central bankers face.
Central Bank of Chile - Annual Report 2004
According to the Deutsche Bundesbank's Annual Report 2005, sustained monetary impulse and a favorable external environment during the first half of 2004 created an expansionary macroeconomic climate, but initially this was not clearly reflected in…
Chile paper on central bank independence
The Central Bank of Chile Working Paper "Central bank independence and monetary policymaking institutions: Past, present, and future" published April 2006 reviews the institutional changes that occurred over the last two decades in the area of central…
Latin American monetary policy reform in the 90's
The Central Bank of Chile Working Paper "The 1990's institutional reform of monetary policy in Latin America," published December 2005, takes stock of the institutional reform of monetary policy in Latin America since the early 1990s.
Senate approves former regulator to Chile cen bank
Chile's senate has approved the appointment of former banking regulator Enrique Marshall as the new central bank director for the next 10 years, local press reported.
Krueger on the IMF and price stability
In the speech 'A prize worth having: the IMF and price stability' given on 20 October Anne Krueger of the IMF said the success of Turkish economic reforms in recent years has been beyond all expectations.
New banking regulator takes office in Chile
Gustavo Arriagada officially took over as Chile's banking regulator on Thursday 1 September, the regulatory agency Sbif said.
Inflation too low for rate rise says Chile's Corbo
Chilean central bank president Vittorio Corbo has said that the nation's inflation rate is too low to warrant a hike in the bank's benchmark lending rate.
Logica implements Chile RTGS system
Logica announced on Thursday the successful implementation of its Real-Time Gross Settlement (RTGS) System for the Banco Central de Chile (BCC), Chile's Central Bank.
IMF Research Review
The latest round-up of IMF academic publications, featuring papers by Ayhan Kose and Tito Cordella and country studies of Chile and Hong Kong Special Administrative Region.