Financial spillovers to Chile /

Financial spillovers to Chile /

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Bibliographic Details
Author / Creator:Podpiera, Jiří, 1976-
Imprint:[Washington, D.C.] : International Monetary Fund, ©2012.
Description:1 online resource (17 pages)
Language:English
Series:IMF working paper ; WP/12/254
IMF working paper ; WP/12/254.
Subject:
Bond market -- Chile -- Econometric models.
Interbank market -- Chile -- Econometric models.
Risk -- Econometric models.
Bond market -- Econometric models.
Risk -- Econometric models.
Chile.
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12500882
Hidden Bibliographic Details
Other authors / contributors:International Monetary Fund. Western Hemisphere Department.
ISBN:9781475521139
1475521138
9781475552195
Notes:Title from PDF title page (IMF Web site, viewed Oct. 31, 2012).
"Western Hemisphere Department."
"October 2012."
Includes bibliographical references.
Summary:This paper quantifies financial spillovers from global risk factors to banks' funding costs in Chile. It decomposes Chilean banks' bond and interbank spreads into domestic and external factors. The results suggest moderate spillovers. On average, global spillovers pushed up bank bond and interbank spreads in Chile by about 50 basis points in 2008-12. While in 2008-09, most spillovers originated in the U.S., in mid-2010 onwards, European distress played a prominent role.

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