Chile: Selected Issues
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Summary:
This Selected Issues paper reviews the benefits and costs of reserves for Chile, with emphasis on standard methodologies for assessing reserve adequacy. It reports an empirical methodology that analyzes simultaneously key explanatory variables behind a country’s level of reserves. The paper previews mechanisms that could supplement a country’s liquidity needs in times of stress. This paper also describes the instruments available for hedging foreign exchange risk, the demand and supply of foreign exchange hedging in the onshore market, and assesses foreign exchange exposure in different industrial sectors using factor analysis.
Series:
Country Report No. 2004/292
Subject:
Bonds Central banks Currencies Financial institutions Financial regulation and supervision Financial services Foreign exchange Hedging Reserve positions Yield curve
English
Publication Date:
September 13, 2004
ISBN/ISSN:
9781451807608/1934-7685
Stock No:
1CHLEA0032004
Pages:
58
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