Monetary and Financial Issues

Managing Chile’s macroeconomy during and after the copper price boom

21-Apr-2008

Compliance with the structural budget surplus rule, which has been in place since 2001, has allowed the government to maintain a counter cyclical fiscal stance in an environment of rising copper prices, while delivering a gradual reduction in public indebtedness. Monetary policy is conducted within a framework that combines inflation targeting with exchange rate flexibility. This paper relates to the 2007 Economic Survey of Chile (www.oecd.org/eco/surveys/chile).

Economic Survey of India 2007: Reforming the financial system

09-Oct-2007

The financial sector has been reorganised. Equity and commodity markets are highly efficient. Costs in banking are high and FOREX and corporate bond markets still underdeveloped necessitating further reform.