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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 interbank s...

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Bibliographic Details
Main Author: Podpiera, Jiri
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2012
Series:IMF Working Papers
Subjects:
Interest Rates
Credit
Banks
Finance
Interbank Markets
Banks And Banking
Financial Services
Mortgages
Yield Curve
Money
International Financial Markets
Financial Markets
Financial Risk Management
Credit Risk
Capital And Ownership Structure
Goodwill
Credit Default Swap
Banking
Financial Risk And Risk Management
Financing Policy
International Finance
Depository Institutions
Monetary Economics
Value Of Firms
Micro Finance Institutions
Monetary Policy, Central Banking, And The Supply Of Money And Credit: General
Capital Market
General Financial Markets: General (includes Measurement And Data)
Financial Regulation And Supervision
Interest Rates: Determination, Term Structure, And Effects
Money And Monetary Policy
Finance: General
Financial Services Law & Regulation
Financial Crises
Securities Markets
Chile
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
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
Physical Description:17 pages
ISBN:9781475552195

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