TY  - BOOK
AU  - Chan-Lau,Jorge A.
TI  - The Global Financial Crisis and its Impact on the Chilean Banking System
T2  - IMF Working Papers; Working Paper
SN  - 1455200670 :
SN  - 1018-5941
PY  - 2010///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Bank Claims
KW  - imf
KW  - Banking System
KW  - Banking
KW  - Contagion
KW  - Corisk
KW  - Financial Crisis
KW  - Chile
KW  - Colombia
N2  - This paper explores how the global turmoil affected the risk of banks operating in Chile, and provides evidence that could help strengthen work on vulnerability indicators and off-site supervision. The analysis is based on the study of default risk codependence, or CoRisk, between Chilean banks and global financial institutions. The results suggest that the impact of the global financial crisis was limited, inducing at most a one-rating downgrade to banks operating in Chile. The paper concludes by assessing government measures aimed at reducing systemic risk in the domestic banking sector and the recommendations to allocate SWF assets to domestic banks
UR  - http://elibrary.imf.org/view/IMF001/10885-9781455200672/10885-9781455200672/10885-9781455200672.xml
UR  - http://www.imfbookstore.org/IMFORG/9781455200672
ER  -