European Parliament Library

Chile :, Selected Issues

This Selected Issues paper for Chile describes the postcrisis recovery experience. The recovery from the 2008–2009 global crisis has been markedly different both among advanced and emerging economies. The steady improvement in the labor wedge-distortions related to the consumption leisure decision helped support the recovery. In Chile, the growth generated by this improvement, was sufficient to overcome the relatively weak performance of efficiency (TFP). Chile’s recovery has been characterized by strong investment growth, 0.8 percentage points higher than the precrisis trend. The establishment of the Financial Stability Council in 2011 is an important step to ensure close coordination among the institutions involved in Chile’s financial prudential framework
Table Of Contents
Cover; CONTENTS; A TALE OF TWO RECOVERIES: THE POST-CRISIS EXPERIENCE OF BRAZIL AND CHILE; A. Introduction; B. Brief Description of Chile and Brazil Crisis and Recovery; C. Business Cycle Accounting Methodology; D. Results; E. Concluding Remarks; APPENDIX; REFERENCES; SYSTEMATIC RISK ASSESSMENT AND MITIGATION IN CHILE; A. Systemic Risk Assessment; FIGURES; 1. Assessing Credit Growth; 2. Broad Credit Growth; 3. Credit Growth and Asset Prices; BOXES; 1. Developments in Chile's Housing Sector; 4. Bank Funding Risks; B. Systemic Risk Mitigation; 2. The Financial Stability Council (FSC) in Chile
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (56 p.)
Specific Material Designation
Form Of Item

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