IMF Staff Country Reports

Chile: Financial Sector Assessment Program—Technical Note on Systemic Liquidity

Publication Date:

September 12, 2022

Electronic Access:

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Summary:

Chile is characterized by a highly interconnected financial system, which presents risks and opportunities for the development of liquidity markets. On the one hand, the large domestic non-bank financial sector (pension funds, mutual funds, insurers) creates a large investor base for domestic debt securities, fostering the development of these markets. On the other hand, the non-bank financial sector is vulnerable to shocks which may have significant spillovers to funding markets and to the banking system.

Series:

Country Report No. 2022/294

Subject:

International organization Monetary policy

Frequency:

regular