Description

Between 1975 and 1981 the Chilean financial system experienced a significant expansion, as a result of a liberalization process that put an end to 30 years of financial repression2 . This process was an integral part of a broad series of structural reforms introduced in Chile since the 1970s, including reforms of the trade regime, the social security system, the regulation of basic utilities, labor market legislation, social services and the privatization of state-owned enterprises.