Chile) External prices (in $  -4.2 3.2 3.2 2.6 2.6 6.9 2.0 -0.4 -9.8  0.4 2.9 3.1 2.3 1.6 6.7 1.6 -1.2 -2.5  LME copper price $ WTI oil price $ Brent oil price $ Gasoline parity price $ Libor $ (nominal, 90 days)  249 49 52 467 0.3  220 43 44 389 0.8  2017 (f) 2018 (f) Dec.16 Mar.17 Dec.16 Mar.17 Report Report Report Report (annual change, percent) 1.9 1.1 4.6 -0.5 -0.5 2.8 3.2 3.3 3.4 3.5 3.0 3.3 3.4 3.5 3.5 2.3 2.6 2.8 2.8 2.9 1.6 2.3 2.3 2.3 2.3 6.7 6.2 6.4 6.0 6.2 1.7 1.5 1.7 1.6 1.7 -1.8 1.4 1.3 2.3 2.5 -2.7 1.1 2.1 1.7 1.3 (levels) 221 235 255 240 250 43 54 50 55 50 44 56 52 57 52 389 461 457 464 444 0.7 1.5 1.5 2.5 2.5  (e) Estimate. (f) Forecast. Source: Central Bank of Chile.
5  A couple of years ago the connected cars platform Next became the first company to be authorised to undertake such a round of financing in Spain. 6  W. Mougayar (2016), “The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology”, Ed. Wiley. 2  fractions which, in turn, can bear ownership rights and ultimately render such properties more liquid. An alternative taxonomy distinguishes between traditional crypto-assets and “stablecoins”. In an attempt to reduce their volatility, the latter are usually backed by other real or virtual assets as a means of collateral. For example, some stablecoins are pegged to legal tender, while others are anchored to commodities, bonds or even other digital assets. In some cases, even the overall wealth of the issuer can serve as collateral.7 Algorithmic stablecoins are another, albeit less common, category; here, formal collateralisation is replaced by a series of automatic supply adjustment mechanisms. In comparison to other stablecoins, the latter are subject to greater price fluctuations and arise more doubts as to their potential use as a means of payment. A prime example of this just happened a few weeks ago with Terra: a stablecoin which, despite remaining relatively firm around the US dollar for a long time, suddenly lost that nexus and caused significant losses to investors. The functionalities or operating characteristics of crypto-assets also vary notably. Perhaps the most visible example of this is the consensus mechanism that is used to approve crypto-asset transactions.