Open economy helps Chile brush aside Fed taper, says CBC's Vial
Chilean central banker fears China slowdown more than Fed taper
A relatively open economy, sound macro-economic principles, an independent central bank and rules limiting the expansion of government debt have helped Chile to emerge relatively unscathed from the bouts of volatility in emerging markets that followed the Federal Reserve beginning to taper its asset purchases.
"Openness, depth of financial markets and foreign direct investment helped, by creating counter-flows" to the withdrawal of carry trade positions in Chile, which were sparked as the
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Most read
- Artificial intelligence: key questions for financial supervisors
- Risks facing central banks: action and inaction
- Central bank of the year: Central Bank of Brazil