After the US dollar in Chile broke the milestone exchange rate of a thousand Pesos in June, the Central Bank reacted by announcing it will literally “flood” the market with 25bn dollars ...

But even Chile's controls appeared to have lost their effectiveness after 1998, and they were recently removed. Calvo and Reinhart (2000) and others have emphasized that many countries that claim to ...

Following the recent move to a floating regime, the exchange rate depreciated by 20 percent ... targeting framework in which inflation was an informal objective. In Chile and Poland, the transition ...

Private estimates fell short in Chile on Thursday when ... and long-term interest rates (BTP-10) increased. In turn, the IPSA stock exchange index declined while the sovereign risk premium ...