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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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Podpiera, Jiří, 1976-
Autor Corporativo: International Monetary Fund. Western Hemisphere Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, ©2012.
Colección:IMF working paper ; WP/12/254.
Temas:
Bond market > Chile > Econometric models.
Interbank market > Chile > Econometric models.
Risk > Econometric models.
Marché obligataire > Chili > Modèles économétriques.
Marché interbancaire > Chili > Modèles économétriques.
Risque > Modèles économétriques.
BUSINESS & ECONOMICS > Investments & Securities > General.
Bond market > Econometric models
Risk > Econometric models
Chile
Acceso en línea:Texto completo
Descripción
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.
Notas:Title from PDF title page (IMF Web site, viewed Oct. 31, 2012).
"Western Hemisphere Department."
"October 2012."
Descripción Física:1 online resource (17 pages)
Bibliografía:Includes bibliographical references.
ISBN:9781475521139
1475521138

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