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Headline: Chile – Savings are crucial to Santiago’s salvation Source: Euromoney Date: March 2000 Author: Mark Mulligan Chile’s stock market has been hampered by strict capital controls. These are being relaxed but a decline in domestic savings will also need to be reversed if the Santiago exchange is to be revived. Mark Mulligan reports Intense takeover activity in the electricity sector, foreigner-friendly changes to capital controls and monetary easing by the central bank may have helped save the Santiago Stock Exchange from extinction last year. |
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