Strictly Chile
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Chile
Author | : International Monetary |
Publisher | : International Monetary Fund |
Total Pages | : 33 |
Release | : 2022-09-12 |
Genre | : Business & Economics |
ISBN | : |
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Chile is characterized by a highly interconnected financial system, which presents risks and opportunities for the development of liquidity markets. On the one hand, the large domestic non-bank financial sector (pension funds, mutual funds, insurers) creates a large investor base for domestic debt securities, fostering the development of these markets. On the other hand, the non-bank financial sector is vulnerable to shocks which may have significant spillovers to funding markets and to the banking system.
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