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Descripción del funcionamiento del mercado secundario de bonos soberanos locales en Chile

Author

Listed:
  • Sergio D’Acuña
  • Sergio Godoy
  • Nicolás Malandre

Abstract

En este trabajo se describe el funcionamiento del mercado secundario de los bonos de largo plazo soberanos locales. Más específicamente, se describen en profundidad los agentes involucrados, los instrumentos transados y los tipos de plataformas existentes. A partir de este trabajo es posible obtener las siguientes conclusiones. Primero, existe un alto grado de segmentación en el mercado secundario de renta fija chileno. Segundo, los bancos residentes son los agentes fundamentales en este mercado ya que son los únicos que pueden actuar en todas las plataformas disponibles, ya sea por cuenta propia o como intermediarios. Tercero, siguiendo la tendencia mundial, las plataformas de mercado secundario han tendido a volverse más automáticas. Por último, el mercado de derivados ha tenido una fuerte expansión en tiempos recientes.

Suggested Citation

  • Sergio D’Acuña & Sergio Godoy & Nicolás Malandre, 2009. "Descripción del funcionamiento del mercado secundario de bonos soberanos locales en Chile," Economic Statistics Series 72, Central Bank of Chile.
    • Handle: RePEc:chb:bcchee:72
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    File URL: http://www.bcentral.cl/estudios/estudios-economicos-estadisticos/pdf/see72.pdf
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    References listed on IDEAS

    as
    1. Vicente Lazen, 2005. "El Mercado Secundario de Deuda en Chile," Finance 0512020, University Library of Munich, Germany.
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    Cited by:

    1. Marco Morales & Carola Moreno & Camilo Vio, 2014. "Foreign Shocks on Chilean Financial Markets: Spillovers and Comovements Between Bond and Equity Markets," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 50(S5), pages 35-50, September.
    2. Samuel Carrasco & Luis Ceballos & Jessica Mena, 2016. "Estimación de la estructura de tasas de interés en Chile," Notas de Investigación Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 19(1), pages 58-75, April.

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