ASSESSING THE EFFECTS OF FOREIGN FINANCIAL SHOCKS ON THE CHILEAN ECONOMY

ASSESSING THE EFFECTS OF FOREIGN FINANCIAL SHOCKS ON THE CHILEAN ECONOMY

This paper aims to assess the effects of foreign financial shocks on the Chilean economy, for which a model including foreign and domestic series, for both real and financial variables at quarterly frequency is estimated. Among the main results, it is found that Chilean GDP is negatively and signifi...

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Autor principal: CABEZON,FRANCISCO
Lenguaje:English
Publicado: ILADES. Universidad Alberto Hurtado. 2012
Materias:
Foreign financial shocks
volatility
foreign stock markets
domestic variables
Chilean economy
Acceso en línea:http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-88702012000200004
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spelling oai:scielo:S0718-887020120002000042013-07-19ASSESSING THE EFFECTS OF FOREIGN FINANCIAL SHOCKS ON THE CHILEAN ECONOMYCABEZON,FRANCISCO Foreign financial shocks volatility foreign stock markets domestic variables Chilean economy This paper aims to assess the effects of foreign financial shocks on the Chilean economy, for which a model including foreign and domestic series, for both real and financial variables at quarterly frequency is estimated. Among the main results, it is found that Chilean GDP is negatively and significantly affected by shocks in the volatility of foreign stock markets, while the Chilean currency depreciates and the domestic interest rate decreases due to this type of innovations.info:eu-repo/semantics/openAccessILADES. Universidad Alberto Hurtado.Revista de análisis económico v.27 n.2 20122012-10-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-88702012000200004en10.4067/S0718-88702012000200004
institution Scielo Chile
collection Scielo Chile
language English
topic Foreign financial shocks
volatility
foreign stock markets
domestic variables
Chilean economy
spellingShingle Foreign financial shocks
volatility
foreign stock markets
domestic variables
Chilean economy
CABEZON,FRANCISCO
ASSESSING THE EFFECTS OF FOREIGN FINANCIAL SHOCKS ON THE CHILEAN ECONOMY
description This paper aims to assess the effects of foreign financial shocks on the Chilean economy, for which a model including foreign and domestic series, for both real and financial variables at quarterly frequency is estimated. Among the main results, it is found that Chilean GDP is negatively and significantly affected by shocks in the volatility of foreign stock markets, while the Chilean currency depreciates and the domestic interest rate decreases due to this type of innovations.
author CABEZON,FRANCISCO
author_facet CABEZON,FRANCISCO
author_sort CABEZON,FRANCISCO
title ASSESSING THE EFFECTS OF FOREIGN FINANCIAL SHOCKS ON THE CHILEAN ECONOMY
title_short ASSESSING THE EFFECTS OF FOREIGN FINANCIAL SHOCKS ON THE CHILEAN ECONOMY
title_full ASSESSING THE EFFECTS OF FOREIGN FINANCIAL SHOCKS ON THE CHILEAN ECONOMY
title_fullStr ASSESSING THE EFFECTS OF FOREIGN FINANCIAL SHOCKS ON THE CHILEAN ECONOMY
title_full_unstemmed ASSESSING THE EFFECTS OF FOREIGN FINANCIAL SHOCKS ON THE CHILEAN ECONOMY
title_sort assessing the effects of foreign financial shocks on the chilean economy
publisher ILADES. Universidad Alberto Hurtado.
publishDate 2012
url http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-88702012000200004
work_keys_str_mv AT cabezonfrancisco assessingtheeffectsofforeignfinancialshocksonthechileaneconomy
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