In the last ten years the Chilean mutual fund industry has multiplied its assets around fivefold. In particular, money market funds have become important players in the financial sector as investors in time deposits as well as intermediating funds of the corporate sector. Given the importance of...

The Central Bank of Chile was granted full autonomy by a Constitutional Organic Law enacted in 1989. In this paper we conduct a selective review of theoretical and empirical literature on the macroeconomic performance and autonomy of the Central Bank, presenting new evidence of the relationship...