Banks' business model and credit supply in Chile: the role of a state-owned bank

During the global financial crisis (GFC) of 2008-09 banks in the world suffered losses not observed since the Great Depression of 1929. The response from banks regulatory authorities included measures affecting how banks grant loans, react to monetary policy shocks, and respond to global shocks. In this paper, we study the case of Chile, a small developing economy and exporter of raw materials, which is open to international financial markets. Despite having a sound economic system, the country was still affected by global shocks.

Autor: BIS Working Papers - Miguel Biron, Felipe Córdova and Antonio Lemus

País: Chile

Fecha de Publicación: 31/07/2019

Peso: 647 KB


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