TY  - GEN
AU  - Caballero, Ricardo J.
TI  - Structural Volatility in Chile: A Policy Report
PY  - 2011
Y1  - 2011/02/04
DO  - 10.18235/0010780
AB  - 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.
UR  - https://doi.org/10.18235/0010780
ER  -