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Chapter 23. Advances and Challenges in Social Policies

Chapter 23. Advances and Challenges in Social Policies »

Source: Peru : Staying the Course of Economic Success

Series: Books

Author(s): Alejandro Werner , and Alejandro Santos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 September 2015

ISBN: 9781513599748

Keywords: exchange, tax, investment, exchange rate, foreign exchange

Significant progress has been made in reducing poverty and income inequality in Peru over the past decade. Poverty and inequality indicators improved thanks to a combination of high growth, macr...

Chapter 17. Banking Sector Spreads and Bank Competition in Peru

Chapter 17. Banking Sector Spreads and Bank Competition in Peru »

Source: Peru : Staying the Course of Economic Success

Series: Books

Author(s): Alejandro Werner , and Alejandro Santos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 September 2015

ISBN: 9781513599748

Keywords: exchange, tax, investment, exchange rate, foreign exchange

The profitability of Peru’s banking system improved markedly over the past decade—in line with the country’s strong economic performance—as banks (both foreign and domestic) entered and exited t...

Chapter 4. Brazil’s Experience in Managing Capital Inflows: The Role of Capital Controls

Chapter 4. Brazil’s Experience in Managing Capital Inflows: The Role of Capital Controls »

Source: Managing Economic Volatility in Latin America

Series: Books

Author(s): R. Gelos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2014

ISBN: 9781484364987

Keywords: exchange rate, public debt, inflation, current account, dutch disease

This chapter presents Brazil’s experience in managing capital flows. It discusses the Brazilian authorities’ use of a broad range of instruments to deal with capital inflows, including foreign exchange (FX)...

Chapter 14. Capital Flows, Monetary Policy, and Foreign Exchange Intervention in Peru

Chapter 14. Capital Flows, Monetary Policy, and Foreign Exchange Intervention in Peru »

Source: Peru : Staying the Course of Economic Success

Series: Books

Author(s): Alejandro Werner , and Alejandro Santos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 September 2015

ISBN: 9781513599748

Keywords: exchange, tax, investment, exchange rate, foreign exchange

This chapter explains the main features of sterilized interventions in the foreign exchange market by the Central Reserve Bank of Peru (Banco Central de Reserva del Perú [BCRP]), in a context of...

Chapter 16. Drivers of Dedollarization in Peru

Chapter 16. Drivers of Dedollarization in Peru »

Source: Peru : Staying the Course of Economic Success

Series: Books

Author(s): Alejandro Werner , and Alejandro Santos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 September 2015

ISBN: 9781513599748

Keywords: exchange, tax, investment, exchange rate, foreign exchange

Peru has successfully pursued market-driven financial dedollarization during the past 15 years. Dollarization of credit and deposits of commercial banks—across all sectors and maturities—has dec...

Chapter 20. Drivers of Peru’s Equilibrium Real Exchange Rate: Is the Nuevo Sol a Commodity Currency?

Chapter 20. Drivers of Peru’s Equilibrium Real Exchange Rate: Is the Nuevo Sol a Commodity Currency? »

Source: Peru : Staying the Course of Economic Success

Series: Books

Author(s): Alejandro Werner , and Alejandro Santos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 September 2015

ISBN: 9781513599748

Keywords: exchange, tax, investment, exchange rate, foreign exchange

This chapter tests the hypothesis of “commodity currency” on the nuevo sol and identifies the drivers of Peru’s equilibrium real exchange rate using cointegration analysis. The results show that...

Chapter 3. Estimating Current Account Norms in Latin American Emerging Markets: A Quantile Regression Approach

Chapter 3. Estimating Current Account Norms in Latin American Emerging Markets: A Quantile Regression Approach »

Source: Managing Economic Volatility in Latin America

Series: Books

Author(s): R. Gelos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2014

ISBN: 9781484364987

Keywords: exchange rate, public debt, inflation, current account, dutch disease

A key tool to assess the equilibrium exchange rate is based on the estimation of the savings-investment balance (current account norms). These norms are projected on a set of macroeconomic fundamentals and d...

Chapter 6. Evolution of Fiscal Rules in Peru

Chapter 6. Evolution of Fiscal Rules in Peru »

Source: Peru : Staying the Course of Economic Success

Series: Books

Author(s): Alejandro Werner , and Alejandro Santos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 September 2015

ISBN: 9781513599748

Keywords: exchange, tax, investment, exchange rate, foreign exchange

Given the history of fiscal mismanagement in Latin America in the 1970s and 1980s, several countries in the region started experimenting with greater institutionalization of fiscal policy in the...

Chapter 3. Explaining the Peruvian Growth Miracle

Chapter 3. Explaining the Peruvian Growth Miracle »

Source: Peru : Staying the Course of Economic Success

Series: Books

Author(s): Alejandro Werner , and Alejandro Santos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 September 2015

ISBN: 9781513599748

Keywords: exchange, tax, investment, exchange rate, foreign exchange

Peru had one of the best growth records in Latin America from 1993 to 2013. On a per capita basis, growth averaged about 4 percent a year during the period, well above the Latin American average...

Chapter 10. Fiscal Decentralization: Progress and Challenges for the Future

Chapter 10. Fiscal Decentralization: Progress and Challenges for the Future »

Source: Peru : Staying the Course of Economic Success

Series: Books

Author(s): Alejandro Werner , and Alejandro Santos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 September 2015

ISBN: 9781513599748

Keywords: exchange, tax, investment, exchange rate, foreign exchange

Launched in 2002, Peru’s decentralization reform has succeeded in making important changes but is not yet complete. Spending has been significantly decentralized, but with great variation in qua...