Advanced Search
MyIDEAS: Login

Perú: Una economía estrangulada por el descalce entre la dolarización de los pasivos financieros y la solarización del poder adquisitivo de sus agentes económicos
[Peru: An economy strangled by the mismatch between the financial liability dollarization and the purchasing power sollarization of economic agents]

Contents:

Author Info

  • Jiménez Sotelo, Renzo

Abstract

Peru has an economy partially "dollarized" where 70% of the liquidity of the bank system has been in US dollars during the last decade. Most of the salaries and goods trading are in "soles" (Peruvian currency) but the companies and people borrow and save in US dollars. This "dollarization" strangles the economy because any currency depreciation policy to reactive the economy or any macroeconomic shock that really produces it increases the value of debts (exchanged in soles) and produces an inverse effect and therefore recessively. The paper objective is ti propose strategies that could reduce the disadvantages of the "sol" against the US dollar in such a way that economic agents return to the "sol" by own decision rather than an imposed policy, which would facilitate the implementation of other economic policies.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://mpra.ub.uni-muenchen.de/26615/
File Function: original version
Download Restriction: no

Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 26615.

as in new window
Length:
Date of creation: 30 Jun 2001
Date of revision: 31 Dec 2001
Handle: RePEc:pra:mprapa:26615

Contact details of provider:
Postal: Schackstr. 4, D-80539 Munich, Germany
Phone: +49-(0)89-2180-2219
Fax: +49-(0)89-2180-3900
Web page: http://mpra.ub.uni-muenchen.de
More information through EDIRC

Related research

Keywords: Dolarización; Riesgo cambiario; Políticas de créditos; Regulación financiera; Sistema financiero;

Find related papers by JEL classification:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:26615. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.