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Chile: Institutions and Policies Underpinning Stability and Growth

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Author Info

  • Eliot Kalter
  • Steven Phillips
  • Manmohan Singh
  • Mauricio Villafuerte
  • Rodolfo Luzio
  • Marco A Espinosa-Vega

Abstract

This paper presents the primary institutions and economic policies that have led to Chile’s remarkable record of stability and growth over the past twenty years. The core of this policy stance is the combination of fiscal discipline and an open trade policy regime, together with carefully sequenced financial liberalization with in a strengthened regulatory framework.Chile has succeeded in sustaining these policies-despite external and domestic forces to the contrary-because of carefully designed institutional arrangements that encourage policies oriented toward long-term success.

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File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=17087
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Bibliographic Info

Paper provided by International Monetary Fund in its series IMF Occasional Papers with number 231.

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Length: 96
Date of creation: 28 Jun 2004
Date of revision:
Handle: RePEc:imf:imfocp:231

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Related research

Keywords: Economic growth;

References

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  1. Reinhart, Carmen & Calvo, Guillermo, 2000. "When Capital Inflows Come to a Sudden Stop: Consequences and Policy Options," MPRA Paper 6982, University Library of Munich, Germany.
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Cited by:
  1. Muqtada, Muhammed, 2010. "The crisis of orthodox macroeconomic policy : the case for a renewed commitment to full employment," ILO Working Papers 456281, International Labour Organization.
  2. Anoop Singh & Martin D. Cerisola, 2006. "Sustaining Latin America's Resurgence: Some Historical Perspectives," IMF Working Papers 06/252, International Monetary Fund.
  3. Jean-Luc Hélis & Teresa Dabán Sánchez, 2010. "A Public Financial Management Framework for Resources-Producing Countries," IMF Working Papers 10/72, International Monetary Fund.

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