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Update on the Joint IMF-WB Multipronged Approach to Address Debt Vulnerabilities

Update on the Joint IMF-WB Multipronged Approach to Address Debt Vulnerabilities »

Volume: 20

Series: Policy Papers

Author(s): World Bank;International Monetary Fund. Strategy, Policy, & Review Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 December 2020

DOI: http://dx.doi.org/10.5089/9781513563619.007

ISBN: 9781513563619

Keywords: Public debt, Government debt management, Debt sustainability analysis, Fiscal risks, Debt sustainability, PP, debt transparency, IMF-WB CD work, debt vulnerability, WB QPSD database

Amid rising debt risks in low-income developing countries and emerging markets, the IMF and the WB have been implementing a multipronged approach (MPA) to address debt vulnerabilities. Amplification of debt risks o...

Update on the Joint IMF-WB Multipronged Approach to Address Debt Vulnerabilities

Update on the Joint IMF-WB Multipronged Approach to Address Debt Vulnerabilities »

Source: Update on the Joint IMF-WB Multipronged Approach to Address Debt Vulnerabilities

Volume: 20

Series: Policy Papers

Author(s): World Bank;International Monetary Fund. Strategy, Policy, & Review Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 December 2020

ISBN: 9781513563619

Keywords: Public debt, Government debt management, Debt sustainability analysis, Fiscal risks, Debt sustainability, PP, debt transparency, IMF-WB CD work, debt vulnerability, WB QPSD database

Amid rising debt risks in low-income developing countries and emerging markets, the IMF and the WB have been implementing a multipronged approach (MPA) to address debt vulnerabilities. Amplification of debt risks o...

Terms-of-Trade Shocks are Not all Alike

Terms-of-Trade Shocks are Not all Alike »

Volume/Issue: 2020/280

Series: IMF Working Papers

Author(s): Federico Di Pace , Luciana Juvenal , and Ivan Petrella

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 December 2020

DOI: http://dx.doi.org/10.5089/9781513563916.001

ISBN: 9781513563916

Keywords: Export prices, Import prices, Terms of trade, Exports, Commodities, Commodity Prices, Business Cycles, World Shocks, WP, price shock

When analyzing terms-of-trade shocks, it is implicitly assumed that the economy responds symmetrically to changes in export and import prices. Using a sample of developing countries our paper shows that this is not...

Terms-of-Trade Shocks are Not all Alike*

Terms-of-Trade Shocks are Not all Alike* »

Source: Terms-of-Trade Shocks are Not all Alike

Volume/Issue: 2020/280

Series: IMF Working Papers

Author(s): Federico Di Pace , Luciana Juvenal , and Ivan Petrella

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 December 2020

ISBN: 9781513563916

Keywords: Export prices, Import prices, Terms of trade, Exports, Commodities, Commodity Prices, Business Cycles, World Shocks, WP, price shock

When analyzing terms-of-trade shocks, it is implicitly assumed that the economy responds symmetrically to changes in export and import prices. Using a sample of developing countries our paper shows that this is not...

IMF Executive Board Approves Two-Year US$11 Billion Flexible Credit Line Arrangement for Peru

IMF Executive Board Approves Two-Year US$11 Billion Flexible Credit Line Arrangement for Peru »

Source: Peru : Request for Arrangement Under the Flexible Credit Line-Press Release; Staff Report; and Statement by the Executive Director for Peru

Volume/Issue: 192020/181

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 May 2020

ISBN: 9781513545820

Keywords: Flexible Credit Line, Economic policy, Monetary policy, Macroprudential policies and financial stability, Inflation targeting, Credit, ISCR, CR, FCL, total external debt

This paper highlights Peru's Request for Arrangement Under the Flexible Credit Line (FCL). Peru qualifies for the FCL by virtue of its very strong fundamentals and institutional policy frameworks and track record o...

Peru
			: Request for Arrangement Under the Flexible Credit Line-Press Release; Staff Report; and Statement by the Executive Director for Peru

Peru : Request for Arrangement Under the Flexible Credit Line-Press Release; Staff Report; and Statement by the Executive Director for Peru »

Volume/Issue: 192020/181

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 May 2020

DOI: http://dx.doi.org/10.5089/9781513545820.002

ISBN: 9781513545820

Keywords: Flexible Credit Line, Economic policy, Monetary policy, Macroprudential policies and financial stability, Inflation targeting, Credit, ISCR, CR, FCL, total external debt

This paper highlights Peru's Request for Arrangement Under the Flexible Credit Line (FCL). Peru qualifies for the FCL by virtue of its very strong fundamentals and institutional policy frameworks and track record o...

Peru : Assessment of the Impact of the Proposed Arrangement Under the Flexible Credit Line on the Fund’S Finances and Liquidity Position

Peru : Assessment of the Impact of the Proposed Arrangement Under the Flexible Credit Line on the Fund’S Finances and Liquidity Position »

Source: Peru : Request for Arrangement Under the Flexible Credit Line-Press Release; Staff Report; and Statement by the Executive Director for Peru

Volume/Issue: 192020/181

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 May 2020

ISBN: 9781513545820

Keywords: Flexible Credit Line, Economic policy, Monetary policy, Macroprudential policies and financial stability, Inflation targeting, Credit, ISCR, CR, FCL, total external debt

This paper highlights Peru's Request for Arrangement Under the Flexible Credit Line (FCL). Peru qualifies for the FCL by virtue of its very strong fundamentals and institutional policy frameworks and track record o...

Peru : Request for Arrangement Under the Flexible Credit Line—Press Release; Staff Report; and Statement by the Executive Director for Peru

Peru : Request for Arrangement Under the Flexible Credit Line—Press Release; Staff Report; and Statement by the Executive Director for Peru »

Source: Peru : Request for Arrangement Under the Flexible Credit Line-Press Release; Staff Report; and Statement by the Executive Director for Peru

Volume/Issue: 192020/181

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 May 2020

ISBN: 9781513545820

Keywords: Flexible Credit Line, Economic policy, Monetary policy, Macroprudential policies and financial stability, Inflation targeting, Credit, ISCR, CR, FCL, total external debt

This paper highlights Peru's Request for Arrangement Under the Flexible Credit Line (FCL). Peru qualifies for the FCL by virtue of its very strong fundamentals and institutional policy frameworks and track record o...

Statement by Mr. Chodos and Mr. Morales on Peru May 28, 2020

Statement by Mr. Chodos and Mr. Morales on Peru May 28, 2020 »

Source: Peru : Request for Arrangement Under the Flexible Credit Line-Press Release; Staff Report; and Statement by the Executive Director for Peru

Volume/Issue: 192020/181

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 May 2020

ISBN: 9781513545820

Keywords: Flexible Credit Line, Economic policy, Monetary policy, Macroprudential policies and financial stability, Inflation targeting, Credit, ISCR, CR, FCL, total external debt

This paper highlights Peru's Request for Arrangement Under the Flexible Credit Line (FCL). Peru qualifies for the FCL by virtue of its very strong fundamentals and institutional policy frameworks and track record o...

IMF Executive Board Concludes 2019 Article IV Consultation with Peru

IMF Executive Board Concludes 2019 Article IV Consultation with Peru »

Source: Peru : 2019 Article IV Consultation-Press Release; Staff Report; Staff Statement and Statement by the Executive Director for Peru

Volume/Issue: 2020/3

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 January 2020

ISBN: 9781513526119

Keywords: External sector, Financial and Monetary Sector, Financial crises, Economic policy, Real sector, ISCR, CR, output gap, percent, percent of GDP

This 2019 Article IV Consultation discusses that Peru's economic performance continues to be strong, however, external and domestic headwinds, including the fallout from Lava Jato corruption investigations, have re...

Peru
			: 2019 Article IV Consultation-Press Release; Staff Report; Staff Statement and Statement by the Executive Director for Peru

Peru : 2019 Article IV Consultation-Press Release; Staff Report; Staff Statement and Statement by the Executive Director for Peru »

Volume/Issue: 2020/3

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 January 2020

DOI: http://dx.doi.org/10.5089/9781513526119.002

ISBN: 9781513526119

Keywords: External sector, Financial and Monetary Sector, Financial crises, Economic policy, Real sector, ISCR, CR, output gap, percent, percent of GDP

This 2019 Article IV Consultation discusses that Peru's economic performance continues to be strong, however, external and domestic headwinds, including the fallout from Lava Jato corruption investigations, have re...

Peru
			: Selected Issues

Peru : Selected Issues »

Volume/Issue: 2020/4

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 January 2020

DOI: http://dx.doi.org/10.5089/9781513526126.002

ISBN: 9781513526126

Keywords: Central banks, Financial crises, Monetary policy instruments, Central banking and monetary issues, Monetary policy, ISCR, CR, MPPs, multi-instrument, Haver

This Selected Issues paper evaluates features of the Peruvian tax system that may have contributed to weak revenue growth, as well as reforms to strengthen the tax system. Using data on domestic tax collection in c...

Peru: 2019 Article IV Consultation—Press Release; Staff Report; Staff Statement and Statement by the Executive Director for Peru

Peru: 2019 Article IV Consultation—Press Release; Staff Report; Staff Statement and Statement by the Executive Director for Peru »

Source: Peru : 2019 Article IV Consultation-Press Release; Staff Report; Staff Statement and Statement by the Executive Director for Peru

Volume/Issue: 2020/3

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 January 2020

ISBN: 9781513526119

Keywords: External sector, Financial and Monetary Sector, Financial crises, Economic policy, Real sector, ISCR, CR, output gap, percent, percent of GDP

This 2019 Article IV Consultation discusses that Peru's economic performance continues to be strong, however, external and domestic headwinds, including the fallout from Lava Jato corruption investigations, have re...

Peru: Selected Issues

Peru: Selected Issues »

Source: Peru : Selected Issues

Volume/Issue: 2020/4

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 January 2020

ISBN: 9781513526126

Keywords: Central banks, Financial crises, Monetary policy instruments, Central banking and monetary issues, Monetary policy, ISCR, CR, MPPs, multi-instrument, Haver

This Selected Issues paper evaluates features of the Peruvian tax system that may have contributed to weak revenue growth, as well as reforms to strengthen the tax system. Using data on domestic tax collection in c...

Peru: Selected Issues

Peru: Selected Issues »

Source: Peru : Selected Issues

Volume/Issue: 2020/4

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 January 2020

ISBN: 9781513526126

Keywords: Central banks, Financial crises, Monetary policy instruments, Central banking and monetary issues, Monetary policy, ISCR, CR, MPPs, multi-instrument, Haver

This Selected Issues paper evaluates features of the Peruvian tax system that may have contributed to weak revenue growth, as well as reforms to strengthen the tax system. Using data on domestic tax collection in c...

Peru: Selected Issues

Peru: Selected Issues »

Source: Peru : Selected Issues

Volume/Issue: 2020/4

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 January 2020

ISBN: 9781513526126

Keywords: Central banks, Financial crises, Monetary policy instruments, Central banking and monetary issues, Monetary policy, ISCR, CR, MPPs, multi-instrument, Haver

This Selected Issues paper evaluates features of the Peruvian tax system that may have contributed to weak revenue growth, as well as reforms to strengthen the tax system. Using data on domestic tax collection in c...

Peru: Staff Report for the 2019 Article IV Consultation—Informational Annex

Peru: Staff Report for the 2019 Article IV Consultation—Informational Annex »

Source: Peru : 2019 Article IV Consultation-Press Release; Staff Report; Staff Statement and Statement by the Executive Director for Peru

Volume/Issue: 2020/3

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 January 2020

ISBN: 9781513526119

Keywords: External sector, Financial and Monetary Sector, Financial crises, Economic policy, Real sector, ISCR, CR, output gap, percent, percent of GDP

This 2019 Article IV Consultation discusses that Peru's economic performance continues to be strong, however, external and domestic headwinds, including the fallout from Lava Jato corruption investigations, have re...

Statement by Mr. Lopetegui , Executive Director and Mr. Morales, Senior Advisor on Peru January 8, 2020

Statement by Mr. Lopetegui , Executive Director and Mr. Morales, Senior Advisor on Peru January 8, 2020 »

Source: Peru : 2019 Article IV Consultation-Press Release; Staff Report; Staff Statement and Statement by the Executive Director for Peru

Volume/Issue: 2020/3

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 January 2020

ISBN: 9781513526119

Keywords: External sector, Financial and Monetary Sector, Financial crises, Economic policy, Real sector, ISCR, CR, output gap, percent, percent of GDP

This 2019 Article IV Consultation discusses that Peru's economic performance continues to be strong, however, external and domestic headwinds, including the fallout from Lava Jato corruption investigations, have re...

Statement by the Staff Representative on Peru January 8, 2020

Statement by the Staff Representative on Peru January 8, 2020 »

Source: Peru : 2019 Article IV Consultation-Press Release; Staff Report; Staff Statement and Statement by the Executive Director for Peru

Volume/Issue: 2020/3

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 January 2020

ISBN: 9781513526119

Keywords: External sector, Financial and Monetary Sector, Financial crises, Economic policy, Real sector, ISCR, CR, output gap, percent, percent of GDP

This 2019 Article IV Consultation discusses that Peru's economic performance continues to be strong, however, external and domestic headwinds, including the fallout from Lava Jato corruption investigations, have re...

Digitalization to Improve Tax Compliance: Evidence from VAT e-Invoicing in Peru

Digitalization to Improve Tax Compliance: Evidence from VAT e-Invoicing in Peru »

Source: Digitalization to Improve Tax Compliance: Evidence from VAT e-Invoicing in Peru

Volume/Issue: 2019/231

Series: IMF Working Papers

Author(s): Matthieu Bellon , Jillie Chang , Era Dabla-Norris , Salma Khalid , Frederico Lima , Enrique Rojas , and Pilar Villena

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2019

ISBN: 9781513513713

Keywords: Tax revenue, Tax evasion, Tax collection, Tax administration, Tax auditing, electronic invoicing, VAT, tax compliance, digitalization, WP

This paper examines the impact of e-invoicing on firm tax compliance and performance using administrative tax data and quasi-experimental variation in the rollout of VAT electronic invoicing in Peru. We find that e...

Digitalization to Improve Tax Compliance: Evidence from VAT e-Invoicing in Peru

Digitalization to Improve Tax Compliance: Evidence from VAT e-Invoicing in Peru »

Volume/Issue: 2019/231

Series: IMF Working Papers

Author(s): Matthieu Bellon , Jillie Chang , Era Dabla-Norris , Salma Khalid , Frederico Lima , Enrique Rojas , and Pilar Villena

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2019

DOI: http://dx.doi.org/10.5089/9781513513713.001

ISBN: 9781513513713

Keywords: Tax revenue, Tax evasion, Tax collection, Tax administration, Tax auditing, electronic invoicing, VAT, tax compliance, digitalization, WP

This paper examines the impact of e-invoicing on firm tax compliance and performance using administrative tax data and quasi-experimental variation in the rollout of VAT electronic invoicing in Peru. We find that e...

Informality and the Challenge of Pension Adequacy: Outlook and Reform Options for Peru

Informality and the Challenge of Pension Adequacy: Outlook and Reform Options for Peru »

Volume/Issue: 2019/149

Series: IMF Working Papers

Author(s): Christoph Freudenberg , and Frederik Toscani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 July 2019

DOI: http://dx.doi.org/10.5089/9781498318525.001

ISBN: 9781498318525

Keywords: Pension funds, Social safety nets, Wage indexation, Labor market reforms, Minimum wages, Pension System, Contribution Density, Replacement Rates, Peru, replacement rate

Past reforms have put the Peruvian pension system on a largely fiscally sustainable path, but the system faces important challenges in providing adequate pension levels for a large share of the population. Using ad...

Informality and the Challenge of Pension Adequacy: Outlook and Reform Options for Peru

Informality and the Challenge of Pension Adequacy: Outlook and Reform Options for Peru »

Source: Informality and the Challenge of Pension Adequacy: Outlook and Reform Options for Peru

Volume/Issue: 2019/149

Series: IMF Working Papers

Author(s): Christoph Freudenberg , and Frederik Toscani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 July 2019

ISBN: 9781498318525

Keywords: Pension funds, Social safety nets, Wage indexation, Labor market reforms, Minimum wages, Pension System, Contribution Density, Replacement Rates, Peru, replacement rate

Past reforms have put the Peruvian pension system on a largely fiscally sustainable path, but the system faces important challenges in providing adequate pension levels for a large share of the population. Using ad...

Growth at Risk: Concept and Application in IMF Country Surveillance

Growth at Risk: Concept and Application in IMF Country Surveillance »

Source: Growth at Risk: Concept and Application in IMF Country Surveillance

Volume/Issue: 2019/36

Series: IMF Working Papers

Author(s): Ananthakrishnan Prasad , Selim Elekdag , Phakawa Jeasakul , Romain Lafarguette , Adrian Alter , Alan Xiaochen Feng , and Changchun Wang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 February 2019

ISBN: 9781484397015

Keywords: Interest rates on loans, Economic growth, Economic recovery, External sector, Real interest rates, downside risk;macrofinancial linkages;financial stability;Gar;financial condition;forecast horizon;article IV consultation;quantiles

The growth-at-risk (GaR) framework links current macrofinancial conditions to the distribution of future growth. Its main strength is its ability to assess the entire distribution of future GDP growth (in contrast...

Growth at Risk: Concept and Application in IMF Country Surveillance

Growth at Risk: Concept and Application in IMF Country Surveillance »

Volume/Issue: 2019/36

Series: IMF Working Papers

Author(s): Ananthakrishnan Prasad , Selim Elekdag , Phakawa Jeasakul , Romain Lafarguette , Adrian Alter , Alan Xiaochen Feng , and Changchun Wang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 February 2019

DOI: http://dx.doi.org/10.5089/9781484397015.001

ISBN: 9781484397015

Keywords: Interest rates on loans, Economic growth, Economic recovery, External sector, Real interest rates, downside risk;macrofinancial linkages;financial stability;Gar;financial condition;forecast horizon;article IV consultation;quantiles

The growth-at-risk (GaR) framework links current macrofinancial conditions to the distribution of future growth. Its main strength is its ability to assess the entire distribution of future GDP growth (in contrast...

Peru
			: Financial Sector Assessment Program-Detailed Assessment of Observance - Basel Core Principles for Effective Banking Supervision

Peru : Financial Sector Assessment Program-Detailed Assessment of Observance - Basel Core Principles for Effective Banking Supervision »

Volume/Issue: 2018/366

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 December 2018

DOI: http://dx.doi.org/10.5089/9781484390139.002

ISBN: 9781484390139

Keywords: Peru, Western Hemisphere

The overall quality of Peru's supervisory approach and regulation of the banking sector is strong. Some areas for enhancement remain. A key area that needs strengthening relates to the powers and regulatory framewo...

Peru

Peru »

Source: Peru : Financial Sector Assessment Program-Detailed Assessment of Observance - Basel Core Principles for Effective Banking Supervision

Volume/Issue: 2018/366

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 December 2018

ISBN: 9781484390139

Keywords: Peru, Western Hemisphere

The overall quality of Peru's supervisory approach and regulation of the banking sector is strong. Some areas for enhancement remain. A key area that needs strengthening relates to the powers and regulatory framewo...

The Effects of Higher Bank Capital Requirements on Credit in Peru1

The Effects of Higher Bank Capital Requirements on Credit in Peru1 »

Source: The Effects of Higher Bank Capital Requirements on Credit in Peru

Volume/Issue: 2018/222

Series: IMF Working Papers

Author(s): Xiang Fang , David Jutrsa , Maria Martinez Peria , Andrea Presbitero , Lev Ratnovski , and Felix Vardy

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 September 2018

ISBN: 9781484378366

Keywords: Bank credit, Peru, Capital requirements, Western Hemisphere, bank regulation, Financial Markets and the Macroeconomy, Government Policy and Regulation

This paper offers novel evidence on the impact of raising bank capital requirements in the context of an emerging market: Peru. Using quarterly bank-level data and exploiting the adoption of bank-specific capital b...

The Effects of Higher Bank Capital Requirements on Credit in Peru

The Effects of Higher Bank Capital Requirements on Credit in Peru »

Volume/Issue: 2018/222

Series: IMF Working Papers

Author(s): Xiang Fang , David Jutrsa , Maria Martinez Peria , Andrea Presbitero , Lev Ratnovski , and Felix Vardy

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 September 2018

DOI: http://dx.doi.org/10.5089/9781484378366.001

ISBN: 9781484378366

Keywords: Bank credit, Peru, Capital requirements, Western Hemisphere, bank regulation, Financial Markets and the Macroeconomy, Government Policy and Regulation

This paper offers novel evidence on the impact of raising bank capital requirements in the context of an emerging market: Peru. Using quarterly bank-level data and exploiting the adoption of bank-specific capital b...

IMF Executive Board Concludes 2018 Article IV Consultation with Peru

IMF Executive Board Concludes 2018 Article IV Consultation with Peru »

Source: Peru : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Peru

Volume/Issue: 2018/225

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 July 2018

ISBN: 9781484369203

Keywords: Western Hemisphere, Peru

Peru has been one of the top performers in Latin America since the turn of the century: robust growth has helped close the income gap with the largest regional economies and reduce poverty significantly. Last year,...

Peru
			: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Peru

Peru : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Peru »

Volume/Issue: 2018/225

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 July 2018

DOI: http://dx.doi.org/10.5089/9781484369203.002

ISBN: 9781484369203

Keywords: Western Hemisphere, Peru

Peru has been one of the top performers in Latin America since the turn of the century: robust growth has helped close the income gap with the largest regional economies and reduce poverty significantly. Last year,...

Peru
			: Financial System Stability Assessment

Peru : Financial System Stability Assessment »

Volume/Issue: 2018/238

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 July 2018

DOI: http://dx.doi.org/10.5089/9781484370667.002

ISBN: 9781484370667

Keywords: Peru, Western Hemisphere

Peru's financial system has developed and become more resilient since the previous FSAP in 2011, but some challenges remain. Peru's main vulnerabilities are external, especially related to growth in trading partner...

Peru

Peru »

Source: Peru : Financial System Stability Assessment

Volume/Issue: 2018/238

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 July 2018

ISBN: 9781484370667

Keywords: Peru, Western Hemisphere

Peru's financial system has developed and become more resilient since the previous FSAP in 2011, but some challenges remain. Peru's main vulnerabilities are external, especially related to growth in trading partner...

Peru: Staff Report for the 2018 Article IV Consultation

Peru: Staff Report for the 2018 Article IV Consultation »

Source: Peru : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Peru

Volume/Issue: 2018/225

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 July 2018

ISBN: 9781484369203

Keywords: Western Hemisphere, Peru

Peru has been one of the top performers in Latin America since the turn of the century: robust growth has helped close the income gap with the largest regional economies and reduce poverty significantly. Last year,...

Peru: Staff Report for the 2018 Article IV Consultation—Informational Annex

Peru: Staff Report for the 2018 Article IV Consultation—Informational Annex »

Source: Peru : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Peru

Volume/Issue: 2018/225

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 July 2018

ISBN: 9781484369203

Keywords: Western Hemisphere, Peru

Peru has been one of the top performers in Latin America since the turn of the century: robust growth has helped close the income gap with the largest regional economies and reduce poverty significantly. Last year,...

Statement by Adrian Armas, Executive Director for Peru July 9, 2018

Statement by Adrian Armas, Executive Director for Peru July 9, 2018 »

Source: Peru : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Peru

Volume/Issue: 2018/225

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 July 2018

ISBN: 9781484369203

Keywords: Western Hemisphere, Peru

Peru has been one of the top performers in Latin America since the turn of the century: robust growth has helped close the income gap with the largest regional economies and reduce poverty significantly. Last year,...

Statement by the IMF Staff Representative on Peru July 9, 2018

Statement by the IMF Staff Representative on Peru July 9, 2018 »

Source: Peru : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Peru

Volume/Issue: 2018/225

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 July 2018

ISBN: 9781484369203

Keywords: Western Hemisphere, Peru

Peru has been one of the top performers in Latin America since the turn of the century: robust growth has helped close the income gap with the largest regional economies and reduce poverty significantly. Last year,...

1. A Synchronized Global Upturn and the Outlook for the United States and Canada

1. A Synchronized Global Upturn and the Outlook for the United States and Canada »

Source: Regional Economic Outlook, April 2018, Western Hemisphere Department : Seizing the Momentum

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 May 2018

ISBN: 9781484339879

The world economy and global trade are experiencing a broad-based cyclical upswing. Since October 2017, global growth outcomes and the outlook for 2018–19 have improved across all regions, reinf...

Country Groups and Country Abbreviations

Country Groups and Country Abbreviations »

Source: Regional Economic Outlook, April 2018, Western Hemisphere Department : Seizing the Momentum

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 May 2018

ISBN: 9781484339879

Country Groups CAPDR Caribbean Commodity Exp...

3. Credibilidad, comunicación y prociclicidad de la política monetaria en América Latina

3. Credibilidad, comunicación y prociclicidad de la política monetaria en América Latina »

Source: Regional Economic Outlook, April 2018, Western Hemisphere Department : Seizing the Momentum

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 May 2018

Language: Spanish

ISBN: 9781484348925

El efecto inflacionario de una depreciación importante y persistente del tipo de cambio ha llevado a reexaminar las respuestas de política monetaria de los bancos centrales de América Latina tra...

3. Credibility, Communication, and Monetary Policy Procyclicality in Latin America

3. Credibility, Communication, and Monetary Policy Procyclicality in Latin America »

Source: Regional Economic Outlook, April 2018, Western Hemisphere Department : Seizing the Momentum

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 May 2018

ISBN: 9781484339879

The inflationary impact of large and persistent exchange rate depreciation has prompted a reexamination of the monetary policy response of central banks in Latin America in the face of large ext...

4. Fiscal Multipliers: How Will Consolidation Affect Latin America and the Caribbean?

4. Fiscal Multipliers: How Will Consolidation Affect Latin America and the Caribbean? »

Source: Regional Economic Outlook, April 2018, Western Hemisphere Department : Seizing the Momentum

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 May 2018

ISBN: 9781484339879

Lower global commodity prices, slower growth, and the past use of expansionary policies have contributed to rising public debt in many countries in Latin America and the Caribbean, precipitating...

4. Multiplicadores fiscales: El impacto de la consolidación en América Latina y el Caribe

4. Multiplicadores fiscales: El impacto de la consolidación en América Latina y el Caribe »

Source: Regional Economic Outlook, April 2018, Western Hemisphere Department : Seizing the Momentum

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 May 2018

Language: Spanish

ISBN: 9781484348925

Los menores precios de las materias primas, el crecimiento más lento y el uso de políticas expansivas han contribuido al aumento de la deuda pública en muchos países de América Latina y el Carib...

2. Outlook for Latin America and the Caribbean: The Right Policy Mix for Sustaining the Recovery

2. Outlook for Latin America and the Caribbean: The Right Policy Mix for Sustaining the Recovery »

Source: Regional Economic Outlook, April 2018, Western Hemisphere Department : Seizing the Momentum

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 May 2018

ISBN: 9781484339879

Following a contraction in 2016, growth in Latin America and the Caribbean turned positive in 2017, owing to both a favorable external environment and improving domestic conditions. Growth is ex...

2. Perspectivas para América Latina y el Caribe: La combinación adecuada de políticas para sustentar la recuperación

2. Perspectivas para América Latina y el Caribe: La combinación adecuada de políticas para sustentar la recuperación »

Source: Regional Economic Outlook, April 2018, Western Hemisphere Department : Seizing the Momentum

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 May 2018

Language: Spanish

ISBN: 9781484348925

Tras sufrir una contracción en 2016, el crecimiento en América Latina y el Caribe retornó a terreno positivo en 2017, gracias a un favorable entorno externo y mejoras en las condiciones internas...

5. Pobreza y desigualdad en América Latina: Avances durante el boom de las materias primas, pero perspectivas inciertas

5. Pobreza y desigualdad en América Latina: Avances durante el boom de las materias primas, pero perspectivas inciertas »

Source: Regional Economic Outlook, April 2018, Western Hemisphere Department : Seizing the Momentum

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 May 2018

Language: Spanish

ISBN: 9781484348925

América Latina ha logrado avances impresionantes en la reducción de la desigualdad y la pobreza desde el inicio del siglo, pero sigue siendo la región más desigual del mundo. Los avances fueron...

5. Poverty and Inequality in Latin America: Gains during the Commodity Boom but an Uncertain Outlook

5. Poverty and Inequality in Latin America: Gains during the Commodity Boom but an Uncertain Outlook »

Source: Regional Economic Outlook, April 2018, Western Hemisphere Department : Seizing the Momentum

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 May 2018

ISBN: 9781484339879

Latin America has made impressive progress in reducing inequality and poverty since the turn of the century, although it remains the most unequal region in the world. The declines in inequality...

Publications from the Western Hemisphere Department, April 2017–March 2018

Publications from the Western Hemisphere Department, April 2017–March 2018 »

Source: Regional Economic Outlook, April 2018, Western Hemisphere Department : Seizing the Momentum

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 May 2018

ISBN: 9781484339879

Departmental Paper No. 18/05 Growing Pains: Is Latin America Prepared for Population Aging? Lorenzo Figliuoli; Valentina Flamini; Rosalind Mo...

Regional Economic Outlook, April 2018, Western Hemisphere Department
			: Seizing the Momentum

Regional Economic Outlook, April 2018, Western Hemisphere Department : Seizing the Momentum »

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 May 2018

DOI: http://dx.doi.org/10.5089/9781484339879.086

ISBN: 9781484339879

The world economy and global trade are experiencing a broad-based cyclical upswing. Since October 2017, global growth outcomes and the outlook for 2018-19 have improved across all regions, reinforced by the expecte...

Regional Economic Outlook, April 2018, Western Hemisphere Department
			: Seizing the Momentum

Regional Economic Outlook, April 2018, Western Hemisphere Department : Seizing the Momentum »

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 May 2018

Language: Spanish

DOI: http://dx.doi.org/10.5089/9781484348925.086

ISBN: 9781484348925

The world economy and global trade are experiencing a broad-based cyclical upswing. Since October 2017, global growth outcomes and the outlook for 2018-19 have improved across all regions, reinforced by the expecte...

Back Matter

Back Matter »

Source: Regional Economic Outlook, April 2018, Western Hemisphere Department : Seizing the Momentum

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 May 2018

Language: Spanish

ISBN: 9781484348925

The world economy and global trade are experiencing a broad-based cyclical upswing. Since October 2017, global growth outcomes and the outlook for 2018-19 have improved across all regions, reinforced by the expecte...

Front Matter

Front Matter »

Source: Regional Economic Outlook, April 2018, Western Hemisphere Department : Seizing the Momentum

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 May 2018

ISBN: 9781484339879

The world economy and global trade are experiencing a broad-based cyclical upswing. Since October 2017, global growth outcomes and the outlook for 2018-19 have improved across all regions, reinforced by the expecte...

Front Matter

Front Matter »

Source: Regional Economic Outlook, April 2018, Western Hemisphere Department : Seizing the Momentum

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 May 2018

Language: Spanish

ISBN: 9781484348925

The world economy and global trade are experiencing a broad-based cyclical upswing. Since October 2017, global growth outcomes and the outlook for 2018-19 have improved across all regions, reinforced by the expecte...

1. Un repunte generalizado del crecimiento a escala mundial y perspectivas para Estados Unidos y Canadá

1. Un repunte generalizado del crecimiento a escala mundial y perspectivas para Estados Unidos y Canadá »

Source: Regional Economic Outlook, April 2018, Western Hemisphere Department : Seizing the Momentum

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 May 2018

Language: Spanish

ISBN: 9781484348925

La economía mundial y el comercio internacional están experimentando una expansión cíclica generalizada. Desde octubre de 2017, la evolución del crecimiento mundial y las perspectivas para 2018–...

A New Action-based Dataset of Fiscal Consolidation in Latin America and the Caribbean

A New Action-based Dataset of Fiscal Consolidation in Latin America and the Caribbean »

Volume/Issue: 2018/94

Series: IMF Working Papers

Author(s): Antonio David , and Daniel Leigh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 April 2018

DOI: http://dx.doi.org/10.5089/9781484353059.001

ISBN: 9781484353059

Keywords: Mexico, Paraguay, Peru, Taxation, Uruguay, Western Hemisphere, Argentina, Fiscal policy, Guatemala, Jamaica

This paper presents a new database of fiscal consolidations for 14 Latin American and Caribbean economies during 1989-2016. We focus on discretionary changes in taxes and government spending primarily motivated by...

A New Action-based Dataset of Fiscal Consolidation in Latin America and the Caribbean1

A New Action-based Dataset of Fiscal Consolidation in Latin America and the Caribbean1 »

Source: A New Action-based Dataset of Fiscal Consolidation in Latin America and the Caribbean

Volume/Issue: 2018/94

Series: IMF Working Papers

Author(s): Antonio David , and Daniel Leigh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 April 2018

ISBN: 9781484353059

Keywords: Mexico, Paraguay, Peru, Taxation, Uruguay, Western Hemisphere, Argentina, Fiscal policy, Guatemala, Jamaica

This paper presents a new database of fiscal consolidations for 14 Latin American and Caribbean economies during 1989-2016. We focus on discretionary changes in taxes and government spending primarily motivated by...

The Adjustment to Commodity Price Shocks in Chile, Colombia, and Peru

The Adjustment to Commodity Price Shocks in Chile, Colombia, and Peru »

Source: The Adjustment to Commodity Price Shocks in Chile, Colombia, and Peru

Volume/Issue: 2017/208

Series: IMF Working Papers

Author(s): Francisco Roch

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 September 2017

ISBN: 9781484320648

Keywords: Western Hemisphere, Peru, Chile, Colombia, JEL Classification Numbers: E62, F14, H50, O13 Commodity Prices, Fiscal Policy, Flexible Exchange Rates

This paper presents a comparative analysis of the macroeconomic adjustment in Chile, Colombia, and Peru to commodity terms-of-trade shocks. The study is done in two steps: (i) an analysis of the impulse responses o...

The Adjustment to Commodity Price Shocks in Chile, Colombia, and Peru

The Adjustment to Commodity Price Shocks in Chile, Colombia, and Peru »

Volume/Issue: 2017/208

Series: IMF Working Papers

Author(s): Francisco Roch

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 September 2017

DOI: http://dx.doi.org/10.5089/9781484320648.001

ISBN: 9781484320648

Keywords: Western Hemisphere, Peru, Chile, Colombia, JEL Classification Numbers: E62, F14, H50, O13 Commodity Prices, Fiscal Policy, Flexible Exchange Rates

This paper presents a comparative analysis of the macroeconomic adjustment in Chile, Colombia, and Peru to commodity terms-of-trade shocks. The study is done in two steps: (i) an analysis of the impulse responses o...

IMF Executive Board Concludes 2017 Article IV Consultation with Peru

IMF Executive Board Concludes 2017 Article IV Consultation with Peru »

Source: Peru : 2017 Article IV Consultation-Press Release; and Staff Report

Volume/Issue: 2017/166

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 June 2017

ISBN: 9781484305195

Keywords: Western Hemisphere, Peru

This 2017 Article IV Consultation highlights Peru's average growth of more than 5.25 percent since 2000, which has led to significantly reduced unemployment and poverty. Inflation is in low single digits, the fisca...

Peru
			: 2017 Article IV Consultation-Press Release; and Staff Report

Peru : 2017 Article IV Consultation-Press Release; and Staff Report »

Volume/Issue: 2017/166

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 June 2017

DOI: http://dx.doi.org/10.5089/9781484305195.002

ISBN: 9781484305195

Keywords: Western Hemisphere, Peru

This 2017 Article IV Consultation highlights Peru's average growth of more than 5.25 percent since 2000, which has led to significantly reduced unemployment and poverty. Inflation is in low single digits, the fisca...

Peru
			: Selected Issues

Peru : Selected Issues »

Volume/Issue: 2017/167

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 June 2017

DOI: http://dx.doi.org/10.5089/9781484305232.002

ISBN: 9781484305232

Keywords: Peru, Western Hemisp

This Selected Issues paper presents an overview of the financial deepening achievements and challenges in Peru. Although substantial progress has been made on various indicators of financial deepening, Peru lags re...

Peru: Selected Issues

Peru: Selected Issues »

Source: Peru : Selected Issues

Volume/Issue: 2017/167

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 June 2017

ISBN: 9781484305232

Keywords: Peru, Western Hemisp

This Selected Issues paper presents an overview of the financial deepening achievements and challenges in Peru. Although substantial progress has been made on various indicators of financial deepening, Peru lags re...

Peru: Selected Issues

Peru: Selected Issues »

Source: Peru : Selected Issues

Volume/Issue: 2017/167

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 June 2017

ISBN: 9781484305232

Keywords: Peru, Western Hemisp

This Selected Issues paper presents an overview of the financial deepening achievements and challenges in Peru. Although substantial progress has been made on various indicators of financial deepening, Peru lags re...

Peru: Staff Report for the 2017 Article IV Consultation

Peru: Staff Report for the 2017 Article IV Consultation »

Source: Peru : 2017 Article IV Consultation-Press Release; and Staff Report

Volume/Issue: 2017/166

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 June 2017

ISBN: 9781484305195

Keywords: Western Hemisphere, Peru

This 2017 Article IV Consultation highlights Peru's average growth of more than 5.25 percent since 2000, which has led to significantly reduced unemployment and poverty. Inflation is in low single digits, the fisca...

Peru: Staff Report for the 2017 Article IV Consultation—Informational Annex

Peru: Staff Report for the 2017 Article IV Consultation—Informational Annex »

Source: Peru : 2017 Article IV Consultation-Press Release; and Staff Report

Volume/Issue: 2017/166

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 June 2017

ISBN: 9781484305195

Keywords: Western Hemisphere, Peru

This 2017 Article IV Consultation highlights Peru's average growth of more than 5.25 percent since 2000, which has led to significantly reduced unemployment and poverty. Inflation is in low single digits, the fisca...

Chapter 5. Barriers to Integration for Pension Funds

Chapter 5. Barriers to Integration for Pension Funds »

Source: Financial Integration in Latin America : A New Strategy for a New Normal

Series: Books

Author(s): Charles Enoch , Wouter Bossu , Carlos Caceres , and Diva Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2017

ISBN: 9781513520247

Keywords: Cross-border banking, Financial integration, Latin American regional banking, commodity supercycle, fragmentation, international banking system, growth, policymaking, Latin America, regional financial integration

Pension funds are becoming increasingly important in financial markets in the LA-7 (Brazil, Chile, Colombia, Mexico, Panama, Peru, and Uruguay). The size of these pension funds has surpassed 17 percent of GD...

Chapter 3. Barriers to Integration in Banking

Chapter 3. Barriers to Integration in Banking »

Source: Financial Integration in Latin America : A New Strategy for a New Normal

Series: Books

Author(s): Charles Enoch , Wouter Bossu , Carlos Caceres , and Diva Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2017

ISBN: 9781513520247

Keywords: Cross-border banking, Financial integration, Latin American regional banking, commodity supercycle, fragmentation, international banking system, growth, policymaking, Latin America, regional financial integration

Banking systems are the largest financial intermediaries in the LA-7 countries (Brazil, Chile, Colombia, Mexico, Panama, Peru, and Uruguay), amounting to about 100 percent of LA-7 GDP. Brazil’s banking syste...

Chapter 6. Barriers to Integration in Capital Markets

Chapter 6. Barriers to Integration in Capital Markets »

Source: Financial Integration in Latin America : A New Strategy for a New Normal

Series: Books

Author(s): Charles Enoch , Wouter Bossu , Carlos Caceres , and Diva Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2017

ISBN: 9781513520247

Keywords: Cross-border banking, Financial integration, Latin American regional banking, commodity supercycle, fragmentation, international banking system, growth, policymaking, Latin America, regional financial integration

Market capitalizations in the LA-7 (Brazil, Chile, Colombia, Mexico, Panama, Peru, and Uruguay) are moderate in size by emerging market standards; however, continued growth and development will depend on imp...

Chapter 4. Barriers to Integration in the Insurance Sector

Chapter 4. Barriers to Integration in the Insurance Sector »

Source: Financial Integration in Latin America : A New Strategy for a New Normal

Series: Books

Author(s): Charles Enoch , Wouter Bossu , Carlos Caceres , and Diva Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2017

ISBN: 9781513520247

Keywords: Cross-border banking, Financial integration, Latin American regional banking, commodity supercycle, fragmentation, international banking system, growth, policymaking, Latin America, regional financial integration

In the countries that make up the LA-7 (Brazil, Chile, Colombia, Mexico, Panama, Peru, and Uruguay), insurance penetration (measured by premiums in percent of GDP) remains low, ranging from 1 to 4 percentage...

Chapter 2. Benefits of More Global and Regional Financial Integration in Latin America

Chapter 2. Benefits of More Global and Regional Financial Integration in Latin America »

Source: Financial Integration in Latin America : A New Strategy for a New Normal

Series: Books

Author(s): Charles Enoch , Wouter Bossu , Carlos Caceres , and Diva Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2017

ISBN: 9781513520247

Keywords: Cross-border banking, Financial integration, Latin American regional banking, commodity supercycle, fragmentation, international banking system, growth, policymaking, Latin America, regional financial integration

After a period of endemic economic and financial crises during the 1980s to 1990s, many Latin American countries opened up their previously closed economies to international financial institutions at the tur...

Chapter 1. Introduction

Chapter 1. Introduction »

Source: Financial Integration in Latin America : A New Strategy for a New Normal

Series: Books

Author(s): Charles Enoch , Wouter Bossu , Carlos Caceres , and Diva Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2017

ISBN: 9781513520247

Keywords: Cross-border banking, Financial integration, Latin American regional banking, commodity supercycle, fragmentation, international banking system, growth, policymaking, Latin America, regional financial integration

Many factors indicate that now may be the time for Latin American economies to work toward greater regional financial integration. This would not be a substitute for wider integration in the world economy; s...

Chapter 7. Legal Barriers to Regional Financial Integration in Latin America

Chapter 7. Legal Barriers to Regional Financial Integration in Latin America »

Source: Financial Integration in Latin America : A New Strategy for a New Normal

Series: Books

Author(s): Charles Enoch , Wouter Bossu , Carlos Caceres , and Diva Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2017

ISBN: 9781513520247

Keywords: Cross-border banking, Financial integration, Latin American regional banking, commodity supercycle, fragmentation, international banking system, growth, policymaking, Latin America, regional financial integration

Legal frameworks shape the context in which economic transactions take place, both within a given economy and between economies. Laws and regulations allow private economic agents to establish and (re)organi...

Chapter 8. Regional Initiatives to Achieve Financial Integration

Chapter 8. Regional Initiatives to Achieve Financial Integration »

Source: Financial Integration in Latin America : A New Strategy for a New Normal

Series: Books

Author(s): Charles Enoch , Wouter Bossu , Carlos Caceres , and Diva Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2017

ISBN: 9781513520247

Keywords: Cross-border banking, Financial integration, Latin American regional banking, commodity supercycle, fragmentation, international banking system, growth, policymaking, Latin America, regional financial integration

This chapter takes stock of existing efforts at regional financial integration. Integration initiatives have a long history in Latin America; however, many have lost momentum after initial enthusiasm. This c...

Chapter 9. Risks and Mitigation for Financial Integration

Chapter 9. Risks and Mitigation for Financial Integration »

Source: Financial Integration in Latin America : A New Strategy for a New Normal

Series: Books

Author(s): Charles Enoch , Wouter Bossu , Carlos Caceres , and Diva Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2017

ISBN: 9781513520247

Keywords: Cross-border banking, Financial integration, Latin American regional banking, commodity supercycle, fragmentation, international banking system, growth, policymaking, Latin America, regional financial integration

Financial integration and the resulting interconnections among financial and nonfinancial institutions provide benefits and risks for countries. As articulated in earlier chapters in this book, financial int...

Financial Integration in Latin America
			: A New Strategy for a New Normal

Financial Integration in Latin America : A New Strategy for a New Normal »

Series: Books

Author(s): Charles Enoch , Wouter Bossu , Carlos Caceres , and Diva Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2017

DOI: http://dx.doi.org/10.5089/9781513520247.071

ISBN: 9781513520247

Keywords: Cross-border banking, Financial integration, Latin American regional banking, commodity supercycle, fragmentation, international banking system, growth, policymaking, Latin America, regional financial integration

With growth slowing across much of the Latin America as a result of the end of the commodity supercycle and economic rebalancing in China, as well as fragmentation of the international banking system, policies to s...

Back Matter

Back Matter »

Source: Financial Integration in Latin America : A New Strategy for a New Normal

Series: Books

Author(s): Charles Enoch , Wouter Bossu , Carlos Caceres , and Diva Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2017

ISBN: 9781513520247

Keywords: Cross-border banking, Financial integration, Latin American regional banking, commodity supercycle, fragmentation, international banking system, growth, policymaking, Latin America, regional financial integration

With growth slowing across much of the Latin America as a result of the end of the commodity supercycle and economic rebalancing in China, as well as fragmentation of the international banking system, policies to s...

Front Matter

Front Matter »

Source: Financial Integration in Latin America : A New Strategy for a New Normal

Series: Books

Author(s): Charles Enoch , Wouter Bossu , Carlos Caceres , and Diva Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2017

ISBN: 9781513520247

Keywords: Cross-border banking, Financial integration, Latin American regional banking, commodity supercycle, fragmentation, international banking system, growth, policymaking, Latin America, regional financial integration

With growth slowing across much of the Latin America as a result of the end of the commodity supercycle and economic rebalancing in China, as well as fragmentation of the international banking system, policies to s...

Cluster Report

Cluster Report »

Source: Cluster Report : Trade Integration in Latin America and the Caribbean

Volume/Issue: 2017/66

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 March 2017

ISBN: 9781475586015

Keywords: Puerto Rico, Suriname, Peru, Trinidad and Tobago, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica

This Cluster Report explores opportunities for trade integration in the Latin America and the Caribbean region. It finds that the region can reap significant growth benefits from further trade integration. With tra...

Cluster Report
			: Trade Integration in Latin America and the Caribbean

Cluster Report : Trade Integration in Latin America and the Caribbean »

Volume/Issue: 2017/66

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 March 2017

DOI: http://dx.doi.org/10.5089/9781475586015.002

ISBN: 9781475586015

Keywords: Puerto Rico, Suriname, Peru, Trinidad and Tobago, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica

This Cluster Report explores opportunities for trade integration in the Latin America and the Caribbean region. It finds that the region can reap significant growth benefits from further trade integration. With tra...

Trade Liberalization in Peru
			: Adjustment Costs Amidst High Labor Mobility

Trade Liberalization in Peru : Adjustment Costs Amidst High Labor Mobility »

Volume/Issue: 2017/47

Series: IMF Working Papers

Author(s): Elin Baldárrago , and Gonzalo Salinas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 March 2017

DOI: http://dx.doi.org/10.5089/9781475585568.001

ISBN: 9781475585568

Keywords: Trade liberalization, Peru, Poverty, Tariff, Measurement and Analysis of Poverty, Regional, Urban, and Rural Analyses, General

While trade integration has been an engine of global growth and prosperity some sectors have been negatively affected by increased imports competition, as expected in theory. Higher labor mobility could lower these...

Trade Liberalization in Peru

Trade Liberalization in Peru »

Source: Trade Liberalization in Peru : Adjustment Costs Amidst High Labor Mobility

Volume/Issue: 2017/47

Series: IMF Working Papers

Author(s): Elin Baldárrago , and Gonzalo Salinas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 March 2017

ISBN: 9781475585568

Keywords: Trade liberalization, Peru, Poverty, Tariff, Measurement and Analysis of Poverty, Regional, Urban, and Rural Analyses, General

While trade integration has been an engine of global growth and prosperity some sectors have been negatively affected by increased imports competition, as expected in theory. Higher labor mobility could lower these...

Challenges for Central Banking
			: Perspectives from Latin America

Challenges for Central Banking : Perspectives from Latin America »

Series: Books

Author(s): Luis I. Jacome H. , Yan Carriere-Swallow , Hamid Faruqee , and Krishna Srinivasan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 October 2016

DOI: http://dx.doi.org/10.5089/9781513591766.071

ISBN: 9781513591766

Keywords: central banking, Latin America, monetary independence, economic integration, term premium, monetary policy, forward guidance, macroprudential policies, monetary frameworks, reserve requirements

In the wake of the 2008-09 global financial crisis, central banking and monetary policy in many corners of the world came under intense pressure and entered unchartered waters. The breadth and scale of central ban...

Back Matter

Back Matter »

Source: Challenges for Central Banking : Perspectives from Latin America

Series: Books

Author(s): Luis I. Jacome H. , Yan Carriere-Swallow , Hamid Faruqee , and Krishna Srinivasan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 October 2016

ISBN: 9781513591766

Keywords: central banking, Latin America, monetary independence, economic integration, term premium, monetary policy, forward guidance, macroprudential policies, monetary frameworks, reserve requirements

In the wake of the 2008-09 global financial crisis, central banking and monetary policy in many corners of the world came under intense pressure and entered unchartered waters. The breadth and scale of central ban...

Front Matter

Front Matter »

Source: Challenges for Central Banking : Perspectives from Latin America

Series: Books

Author(s): Luis I. Jacome H. , Yan Carriere-Swallow , Hamid Faruqee , and Krishna Srinivasan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 October 2016

ISBN: 9781513591766

Keywords: central banking, Latin America, monetary independence, economic integration, term premium, monetary policy, forward guidance, macroprudential policies, monetary frameworks, reserve requirements

In the wake of the 2008-09 global financial crisis, central banking and monetary policy in many corners of the world came under intense pressure and entered unchartered waters. The breadth and scale of central ban...

Chapter 8. A Brazilian Perspective on Macroprudential and Monetary Policy Interaction

Chapter 8. A Brazilian Perspective on Macroprudential and Monetary Policy Interaction »

Source: Challenges for Central Banking : Perspectives from Latin America

Series: Books

Author(s): Luis I. Jacome H. , Yan Carriere-Swallow , Hamid Faruqee , and Krishna Srinivasan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 October 2016

ISBN: 9781513591766

Keywords: central banking, Latin America, monetary independence, economic integration, term premium, monetary policy, forward guidance, macroprudential policies, monetary frameworks, reserve requirements

This chapter examines the interaction between monetary and macroprudential policy in Brazil under both normative and positive perspectives. The chapter investigates optimal combinations of simple and impleme...

Chapter 2. A Historical Perspective on Central Banking in Latin America

Chapter 2. A Historical Perspective on Central Banking in Latin America »

Source: Challenges for Central Banking : Perspectives from Latin America

Series: Books

Author(s): Luis I. Jacome H. , Yan Carriere-Swallow , Hamid Faruqee , and Krishna Srinivasan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 October 2016

ISBN: 9781513591766

Keywords: central banking, Latin America, monetary independence, economic integration, term premium, monetary policy, forward guidance, macroprudential policies, monetary frameworks, reserve requirements

The primary goal of this chapter is to analyze the historical evolution of central banking in Latin America that will serve as the backdrop for the rest of the book. The chapter describes the evolving instit...

Chapter 3. Central Banking in Latin America: The Way Forward

Chapter 3. Central Banking in Latin America: The Way Forward »

Source: Challenges for Central Banking : Perspectives from Latin America

Series: Books

Author(s): Luis I. Jacome H. , Yan Carriere-Swallow , Hamid Faruqee , and Krishna Srinivasan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 October 2016

ISBN: 9781513591766

Keywords: central banking, Latin America, monetary independence, economic integration, term premium, monetary policy, forward guidance, macroprudential policies, monetary frameworks, reserve requirements

The 2008 global financial crisis and its aftermath have ushered in a new era of central banking worldwide. Major changes are taking place in advanced economies. Many have introduced legal reforms that assign...

Chapter 9. De-dollarization of Credit in Peru: The Role of Conditional Reserve Requirements

Chapter 9. De-dollarization of Credit in Peru: The Role of Conditional Reserve Requirements »

Source: Challenges for Central Banking : Perspectives from Latin America

Series: Books

Author(s): Luis I. Jacome H. , Yan Carriere-Swallow , Hamid Faruqee , and Krishna Srinivasan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 October 2016

ISBN: 9781513591766

Keywords: central banking, Latin America, monetary independence, economic integration, term premium, monetary policy, forward guidance, macroprudential policies, monetary frameworks, reserve requirements

This chapter documents and evaluates the use of conditional reserve requirements in Peru to reduce credit dollarization. The empirical analysis uses the counterfactual test proposed by Pesaran and Smith (201...

Chapter 7. Financial Stability Objectives: Drivers of Gains from Coordinating Monetary and Macroprudential Policies

Chapter 7. Financial Stability Objectives: Drivers of Gains from Coordinating Monetary and Macroprudential Policies »

Source: Challenges for Central Banking : Perspectives from Latin America

Series: Books

Author(s): Luis I. Jacome H. , Yan Carriere-Swallow , Hamid Faruqee , and Krishna Srinivasan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 October 2016

ISBN: 9781513591766

Keywords: central banking, Latin America, monetary independence, economic integration, term premium, monetary policy, forward guidance, macroprudential policies, monetary frameworks, reserve requirements

This chapter studies the trade-offs that can arise between inflation-targeting and financial stability objectives. We use a simple framework to conduct macroeconomic policy analysis under two strategies that...

Chapter 6. Forward Guidance and Prudence in Conducting Monetary Policy

Chapter 6. Forward Guidance and Prudence in Conducting Monetary Policy »

Source: Challenges for Central Banking : Perspectives from Latin America

Series: Books

Author(s): Luis I. Jacome H. , Yan Carriere-Swallow , Hamid Faruqee , and Krishna Srinivasan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 October 2016

ISBN: 9781513591766

Keywords: central banking, Latin America, monetary independence, economic integration, term premium, monetary policy, forward guidance, macroprudential policies, monetary frameworks, reserve requirements

Over the past 25 years, there have been fundamental changes in the conduct of monetary policy. Many of them are related to the adoption of inflation-targeting frameworks and the increase in central bank comm...

Chapter 4. Implications of Global Financial Integration for Monetary Policy in Latin America

Chapter 4. Implications of Global Financial Integration for Monetary Policy in Latin America »

Source: Challenges for Central Banking : Perspectives from Latin America

Series: Books

Author(s): Luis I. Jacome H. , Yan Carriere-Swallow , Hamid Faruqee , and Krishna Srinivasan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 October 2016

ISBN: 9781513591766

Keywords: central banking, Latin America, monetary independence, economic integration, term premium, monetary policy, forward guidance, macroprudential policies, monetary frameworks, reserve requirements

Financial asset markets around the world have grown increasingly interconnected, and many economies in Latin America have been no exception. This chapter assesses two aspects of monetary policy in the region...

Chapter 1. Introduction: Latin America’s Central Banking Challenges—Past, Present, and Future

Chapter 1. Introduction: Latin America’s Central Banking Challenges—Past, Present, and Future »

Source: Challenges for Central Banking : Perspectives from Latin America

Series: Books

Author(s): Luis I. Jacome H. , Yan Carriere-Swallow , Hamid Faruqee , and Krishna Srinivasan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 October 2016

ISBN: 9781513591766

Keywords: central banking, Latin America, monetary independence, economic integration, term premium, monetary policy, forward guidance, macroprudential policies, monetary frameworks, reserve requirements

In the wake of the 2008–09 global financial crisis, central banking and monetary policy in many corners of the world—mainly, in advanced economies—came under intense pressure and entered uncharted waters. Tw...

Chapter 5. The Impact of the U.S. Term Premium on Emerging Markets

Chapter 5. The Impact of the U.S. Term Premium on Emerging Markets »

Source: Challenges for Central Banking : Perspectives from Latin America

Series: Books

Author(s): Luis I. Jacome H. , Yan Carriere-Swallow , Hamid Faruqee , and Krishna Srinivasan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 October 2016

ISBN: 9781513591766

Keywords: central banking, Latin America, monetary independence, economic integration, term premium, monetary policy, forward guidance, macroprudential policies, monetary frameworks, reserve requirements

Undoubtedly, one important and ongoing challenge for central banks in Latin America—and of small open economies in general—is how to deal with the global financial cycle. The increasing complexity and interc...

Part I: Progress and Challenges

Part I: Progress and Challenges »

Source: Challenges for Central Banking : Perspectives from Latin America

Series: Books

Author(s): Luis I. Jacome H. , Yan Carriere-Swallow , Hamid Faruqee , and Krishna Srinivasan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 October 2016

ISBN: 9781513591766

Keywords: central banking, Latin America, monetary independence, economic integration, term premium, monetary policy, forward guidance, macroprudential policies, monetary frameworks, reserve requirements

...

Part II: Monetary Independence in an Integrated World

Part II: Monetary Independence in an Integrated World »

Source: Challenges for Central Banking : Perspectives from Latin America

Series: Books

Author(s): Luis I. Jacome H. , Yan Carriere-Swallow , Hamid Faruqee , and Krishna Srinivasan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 October 2016

ISBN: 9781513591766

Keywords: central banking, Latin America, monetary independence, economic integration, term premium, monetary policy, forward guidance, macroprudential policies, monetary frameworks, reserve requirements

...

Part III: Macroprudential Policies and Monetary Frameworks

Part III: Macroprudential Policies and Monetary Frameworks »

Source: Challenges for Central Banking : Perspectives from Latin America

Series: Books

Author(s): Luis I. Jacome H. , Yan Carriere-Swallow , Hamid Faruqee , and Krishna Srinivasan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 October 2016

ISBN: 9781513591766

Keywords: central banking, Latin America, monetary independence, economic integration, term premium, monetary policy, forward guidance, macroprudential policies, monetary frameworks, reserve requirements

...

Central Banking in Latin America

Central Banking in Latin America »

Source: Central Banking in Latin America : The Way Forward

Volume/Issue: 2016/197

Series: IMF Working Papers

Author(s): Yan Carriere-Swallow , Luis I. Jacome H. , Nicolas Magud , and Alejandro Werner

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2016

ISBN: 9781475543353

Keywords: Central Banking, Monetary Policy, Macroprudential Policy, Latin America.

Latin America's central banks have made substantial progress towards delivering an environment of price stability that is supportive of sustainable economic growth. We review these achievements, and discuss remaini...

Central Banking in Latin America
			: The Way Forward

Central Banking in Latin America : The Way Forward »

Volume/Issue: 2016/197

Series: IMF Working Papers

Author(s): Yan Carriere-Swallow , Luis I. Jacome H. , Nicolas Magud , and Alejandro Werner

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2016

DOI: http://dx.doi.org/10.5089/9781475543353.001

ISBN: 9781475543353

Keywords: Central Banking, Monetary Policy, Macroprudential Policy, Latin America.

Latin America's central banks have made substantial progress towards delivering an environment of price stability that is supportive of sustainable economic growth. We review these achievements, and discuss remaini...

Fiscal Multipliers and Institutions in Peru

Fiscal Multipliers and Institutions in Peru »

Source: Fiscal Multipliers and Institutions in Peru : Getting the Largest Bang for the Sol

Volume/Issue: 2016/144

Series: IMF Working Papers

Author(s): Svetlana Vtyurina , and Zulima Leal

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 July 2016

ISBN: 9781498381017

Keywords: Peru, fiscal policy, fiscal sustainability, nonlinear models, multipliers, public investment management, decentralization.

With the end of the commodity super cycle, Peru's potential growth has declined, raising questions of what government policies could do to help boost growth, including over the medium-term. Our econometric analysis...

Fiscal Multipliers and Institutions in Peru
			: Getting the Largest Bang for the Sol

Fiscal Multipliers and Institutions in Peru : Getting the Largest Bang for the Sol »

Volume/Issue: 2016/144

Series: IMF Working Papers

Author(s): Svetlana Vtyurina , and Zulima Leal

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 July 2016

DOI: http://dx.doi.org/10.5089/9781498381017.001

ISBN: 9781498381017

Keywords: Peru, fiscal policy, fiscal sustainability, nonlinear models, multipliers, public investment management, decentralization.

With the end of the commodity super cycle, Peru's potential growth has declined, raising questions of what government policies could do to help boost growth, including over the medium-term. Our econometric analysis...