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Chile
Institutions and Policies Underpinning Stability and Growth
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Abstract

This paper presents the primary institutions and economic policies that have led to Chile’s remarkable record of stability and growth over the past twenty years. The core of this policy stance is the combination of fiscal discipline and an open trade policy regime, together with carefully sequenced financial liberalization with in a strengthened regulatory framework.Chile has succeeded in sustaining these policies-despite external and domestic forces to the contrary-because of carefully designed institutional arrangements that encourage policies oriented toward long-term success.

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Author:
Mr. Eliot Kalter
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Mr. Steven T Phillips
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Mr. Manmohan Singh
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Mr. Mauricio Villafuerte
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Mr. Rodolfo Luzio
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Marco A Espinosa-Vega https://isni.org/isni/0000000404811396 International Monetary Fund

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Series:
Occasional Papers
Publisher:
International Monetary Fund
Language:
English
Publication Date:
28 Jun 2004
DOI:
https://doi.org/10.5089/9781589063259.084
ISBN:
9781589063259
ISSN:
0251-6365
Pages:
96
Keywords:
OP; Chile; government; market; capital market; debt; U.S. dollar; natural resource; GDP ratio; government's policy; debt sustainability problem; government balance; risk model; Capital markets; Fiscal stance; Exports; Pension spending; East Asia; Eastern Europe; Global; Asia and Pacific; Europe
Legal-disclaimer:
The views expressed in this book are those of the authors and should not be reported as or attributed to the International Monetary Fund, its Executive Board, or the governments of any of its member countries.
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