Financial spillovers to Chile
This paper quantifies financial spillovers from global risk factors to banks' funding costs in Chile. It decomposes Chilean banks' bond and interbank spreads into domestic and external factors. The results suggest moderate spillovers. On average, global spillovers pushed up bank bond and i...
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| Autor Corporativo: | |
| Formato: | Libro electrónico |
| Idioma: | Inglés |
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[Washington, D.C.] :
International Monetary Fund
2012.
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| Colección: | EBSCO Academic eBook Collection Complete.
IMF working paper ; WP/12/254. |
| Acceso en línea: | Conectar con la versión electrónica |
| Ver en Universidad de Navarra: | https://innopac.unav.es/record=b33608453*spi |
| Sumario: | This paper quantifies financial spillovers from global risk factors to banks' funding costs in Chile. It decomposes Chilean banks' bond and interbank spreads into domestic and external factors. The results suggest moderate spillovers. On average, global spillovers pushed up bank bond and interbank spreads in Chile by about 50 basis points in 2008-12. While in 2008-09, most spillovers originated in the U.S., in mid-2010 onwards, European distress played a prominent role. |
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| Notas: | "Western Hemisphere Department." "October 2012." |
| Descripción Física: | 17 p. |
| Formato: | Forma de acceso: World Wide Web. |
| Bibliografía: | Incluye referencias bibliográficas. |
| ISBN: | 9781475521139 |
