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Chile: Staff Report for the 2000 Article IV Consultation

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  • International Monetary Fund

Abstract

Chile's overall economic performance during 1990–97 was very strong. By early 1998, Chile faced the difficult combination of a widening external current account deficit and a slowdown of capital inflows. The authorities scaled back expenditure plans and tightened monetary policy strongly to prevent a large depreciation of the currency. Executive Directors welcomed the new three-pillar framework for policies consisting of conservative, rules-based fiscal and monetary policies, greater emphasis on sound supervisory and regulatory frameworks, as well as new social policies.

Suggested Citation

  • International Monetary Fund, 2000. "Chile: Staff Report for the 2000 Article IV Consultation," IMF Staff Country Reports 2000/094, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2000/094
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=3626
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    Cited by:

    1. Stijn Claessens & M. Ayhan Kose & Marco E. Terrones, 2011. "Recessions and Financial Disruptions in Emerging Markets: A Bird’s Eye View," Central Banking, Analysis, and Economic Policies Book Series, in: Luis Felipe Céspedes & Roberto Chang & Diego Saravia (ed.),Monetary Policy under Financial Turbulence, edition 1, volume 16, chapter 4, pages 059-104, Central Bank of Chile.

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