Cover Image
Read Now

Liberalization, Crisis, Intervention The Chilean Financial System, 1975-1985

This paper surveys the evolution of the Chilean financial system from 1975 to 1985, analyzes the causes and the consequences of the major crisis in the financial system during 1981-83, and examines the measures adapted to contain the crisis and restore the financial system to normalcy. The analysis...

Full description

Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1988
Series:IMF Working Papers
Subjects:
Monetary Policy, Central Banking, And The Supply Of Money And Credit: General
Financial Institutions
Finance
Banks
Loans
Industries: Financial Services
Banks And Banking
Interest Rates: Determination, Term Structure, And Effects
Banking
Credit
Financial Services
Financial Crises
Commercial Banks
Bank Credit
Micro Finance Institutions
Interest Rates
Depository Institutions
Financial Risk Management
Economic & Financial Crises & Disasters
Real Interest Rates
Money And Monetary Policy
Monetary Economics
Money
Mortgages
Chile
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper surveys the evolution of the Chilean financial system from 1975 to 1985, analyzes the causes and the consequences of the major crisis in the financial system during 1981-83, and examines the measures adapted to contain the crisis and restore the financial system to normalcy. The analysis suggests that certain features of the financial sector--growing loans of dubious quality, limited central bank supervision--raised the vulnerability of the sector to the external shocks and macroeconomic policy changes experienced by Chile. Channels through which financial sector troubles may have exacerbated the impact of real shocks are also explored
Physical Description:76 pages
ISBN:9781451961850

Similar Items