Description |
1 online resource (10 pages) : color illustrations |
Series |
IMF country report ; no. 07/332 |
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IMF country report ; no. 07/332.
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Contents |
Cover; Contents; I. Introduction and Executive Summary; II. Chile's Structural Fiscal Surplus Rule: A Model-Based Evaluation; III. Risks in the Chilean Banking System: A Contingent Claims Approach; IV. Credit Cyclicality-A Cross-Country Analysis; V. Explaining Chile's Trade Performance |
Summary |
This Selected Issues paper analyzes the properties of the fiscal surplus rule, a key pillar of Chile's macroeconomic framework. The findings suggest that the rule is near the volatility-minimizing efficiency frontier. The paper assesses the vulnerability of the Chilean banking system to external and domestic shocks, and examines recent trade performance. The study finds that both exports and imports have been driven predominantly by demand factors. There is also some evidence that trade liberalization has contributed to the recent trade expansion, but exchange rate effects are only found to have a marginal impact |
Notes |
"Prepared by Ludvig Söderling, Brieuc Monfort, and James P. Walsh, Dale Gray, Michael Kumhof, and Douglas Laxton." |
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"September 2007"--Cover |
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"Prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country." |
Bibliography |
Includes bibliographical references |
Notes |
Print version record |
Subject |
Budget surpluses -- Chile -- Econometric models
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Banks and banking -- Chile
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Credit -- Chile
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Banks and banking
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Commerce
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Credit
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Economic history
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Economic policy
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SUBJECT |
Chile -- Commerce
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Chile -- Economic policy
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Chile -- Economic conditions -- 1988-
http://id.loc.gov/authorities/subjects/sh93006162
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Subject |
Chile
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Form |
Electronic book
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Author |
Söderling, Ludvig, author.
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International Monetary Fund, Issuing body.
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ISBN |
1280981148 |
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9781280981142 |
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9781452772080 |
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1452772088 |
ISSN |
2227-8907 |
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