Front Matter Page
African Department
Contents
I. Introduction
II. Economic and Financial Antecedents to 1930
III. Battling the Impact of the Great Depression and the Second World War, 1930–1945
IV. From a Fixed to a Floating Exchange Rate Regime—An Arduous Transition, 1945/49
V. Policy Challenges During President OdrÃa’s Economic Bonanza and Afterward, 1950–1959
VI. From a Unified Exchange System, Back to a Dual Exchange System, 1960–68
VII. Losing the Battle Against Inflation in a Context of Severe Macroeconomic Instability, 1969–1980
VIII. Concluding Remarks
IX. Selected Bibliography
Tables
1. Merchandise Exports and Imports, 1890–1929
2. Main Merchandise Exports, 1914–1939
3. Peruvian Pound (Lp) Exchange Rates, 1902–1929
4. Selected Economic Indicators, 1913–1980
5. Contribution to Economic growth by Component of Aggregate Demand, 1930–1945
6. Contribution to Economic Growth by Component of Aggregate Demand, 1940–1955
7. Contribution to Economic Growth by Component of Aggregate Demand, 1950–62
8. Sectoral Districution of GDP, 1942–1959
9. Contribution to Economic Growth by Component of Aggregate Demand, 1959–80
10. Sectoral Distribution of GDP, 1950–1978
11. Latin America: Real GDP Growth Rates, 1961–1970
12. Savings-Investment Balance, Inflation and Economic Growth Rates, 1968–75
13. Savings-Investment Balance, Inflation and Economic Growth Rates, 1975–80
Figures
1. Nominal Exchange Rate against U.S. Dollar, 1934–1976
2. Bilateral Real Exchange Rate with U.S. dollar, 1930–1981/
3. Food & Overall Annual Deflation Rates, 1927–1933
4. Central Bank’s International Reserve Coverage, 1934–1959
5. Total Imports and Real Exchange Rate Index, 1940–1950
6. Sources of Base Money Growth, 1941–45
7. Sectoral Distribution of GDP, Average 1942–45
8. Colombia: Sectoral Districution of GDP, 1945
9. Sources of Base Money Growth, 1945–1949
10. Velocity of Money & Private Sector Credit Growth, 1942–1958
11. Exchange Rates, Jan 1949–June 1950
12. Savings – Investment Balance
13. Total Imports and Real Exchange Rate Index, (1934=100)
14. Cost of Living & Nominal Exchange Rate, 1950–59
15. Sources of Base Money Growth, 1950–59
16. Velocity of Money & Private Sector Credit Growth, 1959–1969
17. RER Index & Average Monthly Imports, 1957–1968
18. Sources of Base Money Growth, 1962–1967
19. Economic Growth & Inflation Rates, 1968–1980
20. Total Imports and Real Exchange Rate Index (Index, 1934=100)
21. Sources of Base Money Growth, 1969–74
22. Monthly Exchange Rate Devaluation, Jan. 1977-Dec. 1980
23. Sources of Base Money Growth, 1976–80
24. RER Index & Reserve coverage, 1968–80
Boxes
1. Relations with the IMF
2. The Bretton Woods System
3. The Polak Model
4. President OdrÃa’s Speech to the Nation