McNelis, Paul D; Schmidt-Hebbel, Klaus.

Volatility reversal from interest rates to the real exchange rate: financial liberalisation in Chile, 1975-82. - Washington : World Bank, 1991. - The world bank working papers no. 697 .

Data for Chile (1975-82) indicate that liberalizing the capital accounts does not eliminate variations in the domestic interest rate but shifts these to the real exchange rate.


Fiscal policy.
Chile -- Foreign exchange -- 1975-1982.--Chile -- Foreign exchange -- 1975-1982.--Chile -- Foreign exchange -- 1975-1982.