Series: IMF Working Papers
Author(s): Mercedes Garcia-Escribano
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2010
Keywords: de-dollarization, foreign currency, inflation, macroeconomic stability, foreign exchange, Monetary Policy, Central Banking, and the Supply of Money and Credit: General, Financial Institutions and Services: General, Financial Institutions and Services: Government Policy and Regulation,
Peru has successfully pursued a market-driven financial de-dollarization during the last decade. Dollarization of credit and deposit of commercial banks - across all sectors and maturities - has declined, with larg...