Cover; Contents; I. Output Fluctuations in Chile -- The Role of External Factors; A. Introduction; B. Stylized Facts: Chile's Exposure to External Factors; C. External Factors and Output Fluctuations in Chile: A VAR Approach; D. Concluding Remarks; References; Figures; 1. Latin America: Trade Openness; 2. Commodity Dependence: Net Commodity Exports; 3. Commodity Dependence and Export Concentration; 4. Commodity Export Concentration: Gross Commodity Exports; 5. Macro Performance of Commodity Exporters and Other Emerging Economies During Global Recessions, 1980-2010., 6. Commodity Prices During Global Recessions, 1960-20107. Financial Integration, 1990-2010; 8. Capital Account Openness, 2005-2010; 9. Output Performance During Global Financial Shocks, 1990-2011; 10. Output Response to External Shocks; 11. Accumulated Response of Output to External Shocks; 12. Historical Decomposition of Output; 13. Response to a VIX Shock; 14. Response of Output and Domestic Demand to a VIX Shock; 15. Amplification Effect of Credit; 16. Response to a Shock to Copper Prices; 17. Response to a Shock to Copper Prices (alternative specification), 18. Accumulated Response to a Shock to Copper Prices19. Response to a Global Demand Shock; Tables; 1. Cumulative Impact on Output; 2. Variance Decomposition of Output; II. Financial Spillovers to Chile; A. Introduction; B. Methodology and Data; C. Results; D. Concluding Remarks; References; Figures; 1. Stylized Facts, 2008-12; 2. Funding Markets, 2008-12; Tables; 1. Bond Market Spread; 2. Interbank Market Spread; III. Performance of Publicly Listed Chilean Firms during the 2008-09 Global Financial Crisis; A. Introduction; B. The Analytical Framework and Data; C. Empirical Results., and D. Concluding RemarksReferences; Figures; 1. Density Distribution of Firm Performance During the 2007-09 Crisis; Tables; 1a. Firm Summary Statistics Before and During the 2008-09 Crisis; 1b. Summary Statistics for Dependent and Explanatory Variables; 1c. Bilateral Correlations; 2. The Impact of Crisis on Firm Performance: Baseline Results; 3. The Impact of Crisis on Firm Performance: Robustness Checks (1); 4. The Impact of Crisis on Firm Performance: Robustness Checks (2); 5. The Impact of Crisis on Firm Performance: Robustness Checks (3)
Summary
Annotation In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
