5 Chile
Author:
International Monetary Fund
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Language:
English
Print Publication Date:
15 Apr 2005
Keywords:
M&G; portfolio; reserve; risk; market; ST debt; securities lending; portfolio management statistics; ratio of reserve; credit card ABS; portfolio manager; Reserves management; Currencies; International reserves; Market risk; Liquidity; Global; Europe; East Asia; investment portfolio; reserve portfolio; CBCh control; portfolio's duration; Credit risk; Credit ratings; Asset management

Abstract

322. The mission of the Central Bank of Chile (CBCh) is to safeguard the stability of the local currency and the normal functioning of internal and external payments. International reserves provide the CBCh with one of the policy instruments that it has in order to attain its mission. Within the monetary policy framework, based on inflation targeting and a floating exchange rate that it has embraced, the CBCh intervenes in the foreign exchange market in exceptional and qualified circumstances. In addition, the Treasury and private banks are allowed to maintain foreign currency deposits at the central bank.

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Cover Guidelines for Foreign Exchange Reserve Management
Guidelines for Foreign Exchange Reserve Management
Accompanying Document and Case Studies
ISBN:
9781589062610
ISSN:
2663-3744
Publication Date:
15 Apr 2005
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781589062610.069
Pages:
205