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Authordc.contributor.authorMorandé Lavín, Felipe 
Authordc.contributor.authorTapia, Matías 
Admission datedc.date.accessioned2017-07-25T14:44:04Z
Available datedc.date.available2017-07-25T14:44:04Z
Publication datedc.date.issued2002
Cita de ítemdc.identifier.citationSerie Documentos de Trabajo No. 183 Marzo 2002es_ES
Identifierdc.identifier.urihttps://repositorio.uchile.cl/handle/2250/144775
Abstractdc.description.abstractWith the exemption of adopting a foreign currency, Chile has experienced virtually all the menu of options of exchange rate policies in the last 40 years. The quest for a reasonable exchange rate policy has been inspired in part by the different goals that, through time, policy makers have attempted to achieve with this policy. After almost of decade of co-existence of inflation targeting and an exchange rate band, in 1999 the Central Bank of Chile gave up the exchange rate band and replaced it with a policy of floating. This paper confronts two main questions: (a) Why was the band abandoned and, by the same token, why it took so long to do it and (b) How has the floating regime worked so far? This last question involves accounting for the possible appearance of “fear of floating” by the macroeconomic authorities, as well as evaluating the regime in three critical issues: exchange rate passthrough to domestic prices, exchange rate volatility and balance sheet effects. In the final section, the paper illustrates the operation of the exchange rate system in the face of regional contagion effects.es_ES
Lenguagedc.language.isoenes_ES
Publisherdc.publisherUniversidad de Chile, Facultad de Economía y Negocioses_ES
Type of licensedc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile*
Link to Licensedc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/cl/*
Sourcedc.sourceSerie Documentos de Trabajoes_ES
Títulodc.titleExchange rate policy in Chile: from the band to floating and beyondes_ES
Document typedc.typeDocumento de trabajo
Catalogueruchile.catalogadorrcaes_ES


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Attribution-NonCommercial-NoDerivs 3.0 Chile
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivs 3.0 Chile