Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/87996 
Year of Publication: 
2000
Series/Report no.: 
Working Paper No. 421
Publisher: 
Inter-American Development Bank, Research Department, Washington, DC
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.
Document Type: 
Working Paper

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