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Desdolarizando la economía peruana: Un enfoque de portafolio

In: Revista de Estudios Económicos

Author

Listed:
  • Juan F. Castro
  • Eduardo Morón

Abstract

La visión de consenso es que la dolarización financiera complica el diseño de la política económica, al abrir la puerta a un mayor grado de vulnerabilidad financiera. A pesar de esto, en la última década no hubo un esfuerzo explícito por reducir el nivel de dolarización junto con el programa de estabilización. Además de presentar un conjunto de indicadores para cuantificar cada tipo de dolarización, así como sus resultados para la economía peruana, en este estudio se evalúan distintas medidas para combatir el fenómeno de dolarización financiera. Para esto, y atendiendo a los resultados obtenidos, se privilegia el enfoque de portafolio y se analizan los efectos de modificar el grado de cobertura del seguro de depósitos y la varianza relativa de la inflación y la devaluación real. Los resultados permiten adelantar que una reducción en la cobertura de dicho seguro para depósitos en dólares no se traduciría en un menor ratio de dolarización, ya que propiciaría una transferencia de recursos hacia el exterior. La balanza se inclina hacia aquellas medidas orientadas a reducir la volatilidad de la inflación respecto a la de la devaluación real.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Juan F. Castro & Eduardo Morón, 2004. "Desdolarizando la economía peruana: Un enfoque de portafolio," Chapters of Books, in: Revista de Estudios Económicos, edition 12, volume 1, chapter 1, Fondo Editorial, Universidad del Pacífico.
  • Handle: RePEc:pai:chptup:99-04-03
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    File URL: http://www.bcrp.gob.pe/docs/Publicaciones/Revista-Estudios-Economicos/12/Estudios-Economicos-12-1.pdf
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    Cited by:

    1. Eduardo Wiesner, 2008. "The Political Economy of Macroeconomic Policy Reform in Latin America," Books, Edward Elgar Publishing, number 12913.

    More about this item

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

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