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CMF announces its 2022 call for research projects

November 17, 2022 - The Financial Market Commission (CMF) calls the academic community to submit research projects on issues of interest to the CMF. This initiative aims to contribute to the analysis and public debate with new approaches on topics related to the Commission's mandate while strengthening the technical and professional capacities of CMF researchers by generating networks and attracting external professionals interested in conducting these studies.

The Commission invites independent researchers or researchers attached to higher education institutions or study centers to submit project proposals between November 14 and December 12, 2022. Research lines defined for this call include the following topics: stability of the financial system; protection of clients and depositors; and market development. Projects on the effects of FOGAPE State-guaranteed loan programs during the pandemic, household indebtedness, digital financial inclusion, and measures to promote savings are especially encouraged.

Projects and their authors must comply with the conditions and requirements detailed in Annex 1 of the CMF's Policy for Publishing Non-Regular Documents and Institutional Reports. They must include at least one CMF researcher (to be defined by the Commission). The final product is at least one document of quality comparable to academic journal articles.

For consideration and authorization of the CMF Editorial Committee, researchers should send a proposal to with their projects' terms of reference and plan of activities, as detailed below:

  1. Terms of Reference: This is the document containing the research team's work proposal. It includes the project's motivation; its objectives and questions; identification of databases to be used; description of methodologies; CVs of the team members; and the statement of adherence to the requirements and conditions of the research agreement with external parties described in Annex 1 of the CMF's Policy for Publishing Non-Regular Documents and Institutional Reports.
  2. Plan of Activities: This document contains programmed activities and their temporal distribution. Direct stakeholders are to include milestones for progress reporting and deliverable documents in the plan, which also must specify a project completion date.

The Editorial Committee will evaluate the proposal primarily based on the Commission's priorities, as well as its institutional and strategic resources. Only projects requiring the use of information that is not publicly available shall be considered.

Every project requires the participation of an internal researcher, a member of the CMF staff selected because of their specific experience and the fulfillment of institutional goals.

Applicants will be notified of their projects' approval or rejection within 20 business days after the call for projects closes.

Should a project be accepted, external researchers must sign an agreement to carry it out. Its specific conditions are detailed in Annex 1 of the Publication Policy for Non-Regular Documents and Institutional Reports.

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