This note characterises the evolution of Chile's public debt, and discusses its implications for the management of the country's monetary policy. Historically, the main issuer of public debt in Chile was the central bank. The government, in turn, has recently started to engage in a more active...

In this paper we review Chile's experience with exchange rate flexibility since the early 2000s. Since the abandonment of the target zone for the exchange rate at the end of the 1990s, the Central Bank of Chile has been strongly committed to exchange rate flexibility, allowing the exchange rate...

This note discusses the elements of prudential financial policies and supervisory practices in Chile that can be considered macroprudential. While showing similar macroeconomic volatility as that of the median of emerging market economies (EMEs), financial volatility, at least in two of the...