@misc{9891,
title = {Structural Volatility in Chile: A Policy Report},
author = {Caballero, Ricardo J.},
year = {2011},
doi = {10.18235/0010780},
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.},
url = {https://doi.org/10.18235/0010780}
}