On the Level of International Reserves in Chile: an Analysis Based on Complementary Approaches

作者: Eduardo Olaberria , Diego Saravia , Alejandro Jara , Gabriela Contreras

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摘要: This paper analyzes the recent evolution and level of international reserves in Chile using complementary approaches. First, we construct a set indicators suggested by literature for group developed emerging economies. Second, estimate demand model panel 47 countries. Finally, parameterize two theoretical models order to that would be needed withstand financial crisis. The analysis shows that, although during period floating exchange rate has fallen significantly, it remained at an adequate reasonable degrees risk models. However, end 2010, was below those other countries with regimes.

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