Chile funding markets resistant to risk spillovers
A working paper published by the International Monetary Fund (IMF) on October 24, says funding market spreads in Chile have remained relatively unaffected by spillovers from fund flows caused by changes in global risk perceptions.
The author, Jiri Podpiera, analyses pressures in the Chilean interbank and bank bond markets between 2008 and 2012. At the beginning of the period, spillovers originated in the US, as a result of "tensions" in the US interbank market following the collapse of Lehman
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