Download or read book Chile written by International Monetary and published by International Monetary Fund. This book was released on 2022-09-12 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chile is characterized by a highly interconnected financial system, which presents risks and opportunities for the development of liquidity markets. On the one hand, the large domestic non-bank financial sector (pension funds, mutual funds, insurers) creates a large investor base for domestic debt securities, fostering the development of these markets. On the other hand, the non-bank financial sector is vulnerable to shocks which may have significant spillovers to funding markets and to the banking system.