Savings in Chile. What went right?

Article Abstract:

The economy of Chile has been characterized by unusually high savings rates in comparison to neighboring Latin American countries. Chile's economy has been experiencing growth rates averaging 7%, unemployment levels of about 6%, and positive investment levels since the 1980s. The high savings rate has been credited with providing much needed finances for growth and investment. Factors instrumental to Chile's increased savings include the development of private pension funds, which in turn stimulated capital markets, and reforms in social security which also increased private savings.

Financial Regulation & Reporting, Economic aspects, Chile, Economic policy, Savings, Latin America, Financial disclosure

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Capital-account liberalization as a signal

Article Abstract:

A signaling model was created wherein the government's control policies on international capital flows are used as a signal for future fiscal policies. The model demonstrates that governments with the highest potential to lose from capital outflows use controls to prevent investors from withdrawing while governments with less to gain from inflow are likely to allow free capital mobility. A policy of free capital outflows sends a favorable signal to investors that may generate capital inflows as seen from examples of several countries with liberalized capital accounts.

Financial Regulation NEC, Foreign investments, Taxation, Financial services, Monetary policy, Commercial law, Capital

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