Financial spillovers to Chile

Jiri Podpiera

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

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Year of publication:	2012
Authors:	Podpiera, Jiří
Publisher:	Washington, DC : Internat. Monetary Fund
Subject:	Internationaler Finanzmarkt \| International financial market \| Finanzkrise \| Financial crisis \| Geldmarkt \| Money market \| Spillover-Effekt \| Spillover effect \| Chile \| 2008-2012

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Extent:	Online-Ressource (PDF-Datei: 16 S., 1,194 KB) graph. Darst.
Series:	IMF working papers. - Washington, DC : IMF, ZDB-ID 2108494-4. - Vol. 12/254
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Includes bibliographical references Systemvoraussetzungen: Acrobat Reader Cover; Abstract; Contents; I. Introduction; Figures; 1. Stylized Facts, 2008-12; II. Methodology and Data; A. The Bond Market; B. The Interbank Market; III. Results; A. The Bond Market; B. The Interbank Market; Tables; 1. Bond Market Spread; 2. Interbank Market Spread; 2. Funding Markets, 2008-12; IV. Robustness Analysis; A. The Bond Market; 3. Bond Market Spread - Robustness; B. The Interbank Market; 4. Interbank Market Spread - Robustness; V. Concluding Remarks; References Electronic reproduction; Available via World Wide Web
ISBN:	978-1-4755-5219-5 ; 1-4755-2113-8 ; 978-1-4755-2113-9
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10009659781