Chile: Institutions and Policies Underpinning Stability and Growth

Business & Finance, Economics, Public Finance, Finance & Investing, Banks & Banking, Macroeconomics
Cover of the book Chile: Institutions and Policies Underpinning Stability and Growth by Eliot Mr. Kalter, Steven Mr. Phillips, Manmohan Mr. Singh, Mauricio Mr. Villafuerte, Rodolfo Mr. Luzio, Marco Espinosa-Vega, INTERNATIONAL MONETARY FUND
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Author: Eliot Mr. Kalter, Steven Mr. Phillips, Manmohan Mr. Singh, Mauricio Mr. Villafuerte, Rodolfo Mr. Luzio, Marco Espinosa-Vega ISBN: 9781452776224
Publisher: INTERNATIONAL MONETARY FUND Publication: June 28, 2004
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Eliot Mr. Kalter, Steven Mr. Phillips, Manmohan Mr. Singh, Mauricio Mr. Villafuerte, Rodolfo Mr. Luzio, Marco Espinosa-Vega
ISBN: 9781452776224
Publisher: INTERNATIONAL MONETARY FUND
Publication: June 28, 2004
Imprint: INTERNATIONAL MONETARY FUND
Language: English

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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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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