01931cas a2200277 a 4500 AALejournalIMF022559 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513547718 1018-5941 BD-DhAAL BD-DhAAL Albagli, Elias. Comfort in Floating : Taking Stock of Twenty Years of Freely-Floating Exchange Rate in Chile / Elias Albagli, Mauricio Calani, Metodij Hadzi-Vaskov, Mario Marcel. Washington, D.C. : International Monetary Fund, 2020. 1 online resource (48 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 Chile offers an example of a country that has overcome the fear of floating by reducing balance sheet mismatches, enhancing financial market development, as well as improving monetary, fiscal, and political institutions, and strengthening policy credibility. Under the floating regime, Chile's economic adjustment to external shocks appears significantly improved, and its exchange rate pass-through has substantially declined. Our results reinforce the case that moving to a clear and credible floating regime can be associated with a reduction in the fear of floating via economic transformation (like smaller balance sheet mismatches, a larger hedging market, and a lower exchange rate pass-through). Mode of access: Internet Calani, Mauricio. Hadzi-Vaskov, Metodij. Marcel, Mario. IMF Working Papers; Working Paper ; No. 2020/100 Full text available on IMF http://elibrary.imf.org/view/journals/001/2020/100/001.2020.issue-100-en.xml IMF e-Library