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Inestabilidad estructural en Chile: informe de políticas

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  • Ricardo J. Caballero

Abstract

(Disponible en idioma inglés únicamente) En este trabajo se identifican las debilidades económicas de Chile y se ofrecen recomendaciones de políticas para mejorar la estabilidad. Los problemas actuales incluyen vínculos financieros internacionales débiles, un mandato del Banco Central precariamente diseñado para tratar las sacudidas de los términos de intercambio, la propensión a desperdiciar la poca liquidez que hay en el sistema bancario y el desarrollo limitado de los mercados financieros. Las recomendaciones de políticas del trabajo incluyen el mejoramiento de los vínculos financieros externos, la transformación de los términos de contingencias comerciales en políticas anticíclicas, el mejoramiento de la liquidez agregada a través del sistema bancario y dentro del mismo durante las crisis, y el mejoramiento de la liquidez y la inmediatez de los instrumentos financieros nacionales.

Suggested Citation

  • Ricardo J. Caballero, 2000. "Inestabilidad estructural en Chile: informe de políticas," Research Department Publications 4212, Inter-American Development Bank, Research Department.
    • Handle: RePEc:idb:wpaper:4212
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    References listed on IDEAS

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    1. Ricardo Caballero & Arvind Krishnamurthy, 1998. "Emerging Market Crises: An Asset Markets Perspective," Working papers 98-18, Massachusetts Institute of Technology (MIT), Department of Economics.
    2. Philippe Aghion & Abhijit Banerjee & Thomas Piketty, 1999. "Dualism and Macroeconomic Volatility," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 114(4), pages 1359-1397.
    3. Rajan, Raghuram G & Zingales, Luigi, 1998. "Financial Dependence and Growth," American Economic Review, American Economic Association, vol. 88(3), pages 559-586, June.
    4. Ricardo J. Caballero, 2000. "Structural Volatility in Mexico: A Policy Report," Research Department Publications 4209, Inter-American Development Bank, Research Department.
    5. Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer & Robert W. Vishny, 1998. "Law and Finance," Journal of Political Economy, University of Chicago Press, vol. 106(6), pages 1113-1155, December.
    6. Blommestein, Hans J., 1997. "Institutional Investors, Pension Reform and Emerging Securities Markets," IDB Publications (Working Papers) 6094, Inter-American Development Bank.
    7. Calvo, Guillermo A. & Mendoza, Enrique, 1998. "Empirical Puzzles of Chilean Stabilization Policy," Working Papers 98-02, Duke University, Department of Economics.
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