01712cas a2200241 a 4500 AALejournalIMF006403 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455200672 1018-5941 BD-DhAAL BD-DhAAL Chan-Lau, Jorge. The Global Financial Crisis and its Impact on the Chilean Banking System / Jorge Chan-Lau. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (21 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper explores how the global turmoil affected the risk of banks operating in Chile, and provides evidence that could help strengthen work on vulnerability indicators and off-site supervision. The analysis is based on the study of default risk codependence, or CoRisk, between Chilean banks and global financial institutions. The results suggest that the impact of the global financial crisis was limited, inducing at most a one-rating downgrade to banks operating in Chile. The paper concludes by assessing government measures aimed at reducing systemic risk in the domestic banking sector and the recommendations to allocate SWF assets to domestic banks. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2010/108 Full text available on IMF http://elibrary.imf.org/view/journals/001/2010/108/001.2010.issue-108-en.xml IMF e-Library