IMF: Chile’s financial system resilient to global crisis

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A paper published by the IMF in April explores how the global turmoil affected the risk of banks operating in Chile and finds evidence that could help strengthen work on vulnerability indicators and off-site supervision.

The analysis is based on the study of default risk codependence, or CoRisk, between Chilean banks and global financial institutions.

While the financial system has remained resilient to the significant shocks experienced since September 2008, banks in Chile were affected by

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