Chile has achieved high levels of financial inclusion relative to its level of economic development across a number of headline indicators. Unlike in other countries, gaps in account ownership between...
Economic momentum continued over July-December 2021 (H1 FY22) as indicators mostly signaled positive trends. With sustained improvement in community mobility and still-robust official remittance inflows...
This Technical Note discusses household indebtedness issues in Chile from a financial consumer protection perspective. The note discusses over-indebtedness concerns and other creditrelated issues practices...
The pension system in Chile is known for the 1980 establishment of a defined contribution, individual account system managed by private pension funds (AFPs). In 2008 a major reform of the system took place...
This note assesses competitive dynamics and potential impediments in Chile’s financial sector in order to provide actionable policy recommendations. This note contains both a quantitative as well as qualitative...
This technical note explores the consequences of climate risks for the Chilean financial sector, and the role the financial sector can play in mobilizing resources to finance Chile’s transition to a climate...
The COVID-19 pandemic poses unprecedented health, economic, and financial stability challenges. Protecting lives and allowing health care systems to cope have required isolation, lockdowns, and closures...
State of emergency ends at end-May and a slow recovery thereafter (high downside risks do not change the policy response, but the severity of recession). Immediate impact: immediate sharp contraction...
State of emergency ends at end-May and a slow recovery thereafter (high downside risks do not change the policy response, but the severity of recession). Immediate impact: immediate sharp contraction...
Since the 2011 Financial Sector Assessment Program (FSAP), China’s economic growth has remained strong, although a necessary economic transformation is underway. China now has the world’s largest GDP in...
In the aftermath of the global financial crisis, interest in systemic risk has surged among academics and policy makers. The mitigation of systemic risk is now widely accepted as the fundamental underlying...
Since the 1990s, financial systems around the world, and especially those in developing countries, have gained in soundness, depth, and diversity, prompted in part by a series of financial sector and macroeconomic...
When faced with financial crises, authorities worldwide tend to respond aggressively with public support measures. Given the adverse impact on moral hazard and market discipline, support measures involving...