Financial spillovers to Chile [electronic resource] / prepared by Jiri Podpiera.

By:

Podpiera, Jiří, 1976-

Contributor(s):

International Monetary Fund. Western Hemisphere Dept

Material type: Text

TextSeries: IMF working paper ; WP/12/254.Publication details: [Washington, D.C.] : International Monetary Fund, c2012.Description: 1 online resource (17 p.)ISBN:

9781475521139 (electronic bk.)
1475521138 (electronic bk.)

Subject(s):

Genre/Form:

Electronic books.

DDC classification:

332.640983 23

LOC classification:

HG5342

Online resources:

EBSCOhost

Summary: 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.

Holdings ( 1 )
Title notes ( 5 )

Holdings
Item type	Current library	Collection	Call number	Status	Date due	Barcode	Item holds
eBook	e-Library	EBSCO Business		Available

Total holds: 0

Title from PDF title page (IMF Web site, viewed Oct. 31, 2012).

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.

Includes bibliographical references.

"Western Hemisphere Department."

"October 2012."