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The Case of the Central Banker's E-Mail

Banco Central de Chile Governor Carlos Massad is on the hot seat, thanks to a scam involving stolen messages being passed to an investor

After the Alan Greenspan of this South American nation discovered that his secretary had been passing sensitive information to a local financial firm, his -- and the Central Bank's -- credibility is under fire

The Banco Central de Chile is the most highly respected central bank in Latin America. And few monetary policymakers in the Spanish-speaking world are better regarded than its governor of five years, Carlos Massad. Economists say Massad's conservative policies have helped keep Chile on sound financial footing and largely immune from the economic crises that have engulfed many countries in the region in recent years, including Argentina, Brazil, and Venezuela.