## Chile: Financial Sector Assessment Program—Technical Note on Systemic Liquidity

_IMF Staff Country Reports, September 12, 2022_

## Source details

**Canonical URL:** [Chile: Financial Sector Assessment Program—Technical Note on Systemic Liquidity](https://www.imf.org/en/publications/cr/issues/2022/09/09/chile-financial-sector-assessment-program-technical-note-on-systemic-liquidity-523255)

## Other formats

- [Markdown version](/en/publications/cr/issues/2022/09/09/chile-financial-sector-assessment-program-technical-note-on-systemic-liquidity-523255/index.md)
- [Structured JSON version](/en/publications/cr/issues/2022/09/09/chile-financial-sector-assessment-program-technical-note-on-systemic-liquidity-523255/index.json)
- [Bundle manifest](/en/publications/cr/issues/2022/09/09/chile-financial-sector-assessment-program-technical-note-on-systemic-liquidity-523255/bundle-manifest.json)

## Bibliographic details
- Published: September 12, 2022
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400219566.002

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### Overview and central finding
- Chile has a highly interconnected financial system that creates both risks and opportunities for the development of liquidity markets.
- The large domestic non-bank financial sector (pension funds, mutual funds, insurers) provides a large investor base for domestic debt securities, fostering the development of these markets.
- The non-bank financial sector is vulnerable to shocks, which may have significant spillovers to funding markets and to the banking system.

### Key subjects and thematic focus
- Asset and liability management
- Bonds
- Collateral
- Financial crises
- Financial institutions
- Financial markets
- International organization
- Lender of last resort
- Liquidity
- Monetary policy
- Money markets

### Keywords highlighted in the note
- Bonds
- Collateral
- ELA framework
- ELA procedure
- ELA regulation
- funding plan template
- Global
- Lender of last resort
- Liquidity
- Money markets
- risk equivalence

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## Content in this bundle

- **Executive Summary**
  - [Executive Summary (Markdown version)](/-/media/files/publications/cr/2022/english/1chlea2022004.pdf.md){rel="alternate" type="text/markdown"}
  - [Executive Summary (PDF)](/-/media/files/publications/cr/2022/english/1chlea2022004.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2022/09/09/chile-financial-sector-assessment-program-technical-note-on-systemic-liquidity-523255_