IDEAS home Printed from https://ideas.repec.org/p/imf/imfwpa/12-166.html
   My bibliography  Save this paper

Peru; Monetary and Exchange Rate Policies, 1930-1980

Author

Listed:
  • Gonzalo C Pastor Campos

Abstract

This paper reviews monetary and exchange rate policies in Peru in 1930-80. The review covers major transformations to the world economy, including the post-1929 crash and WWII, and changing economic paradigms, such as the collapse of the gold standard and the rise and fall of the Bretton Woods system of fixed exchange rates. The analysis emphasizes the lasting partnership between Peruvian policymakers and the Bretton Woods institutions, while stressing the local authorities’ ownership of final policy decisions. The review shows that, in general, during the fifty year period under analysis, the Peruvian authorities sought to deliver nominal exchange rate stability, even at the cost of introducing market distortions and/or incurring heavy losses in international reserves.

Suggested Citation

  • Gonzalo C Pastor Campos, 2012. "Peru; Monetary and Exchange Rate Policies, 1930-1980," IMF Working Papers 12/166, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:12/166
    as

    Download full text from publisher

    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=26024
    Download Restriction: no

    References listed on IDEAS

    as
    1. Carlos Contreras & Marcos Cueto, 1999. "Historia del Perú contemporáneo," Libros no PUCP / Books other publishers, Otras editoriales / Other publishers, edition 1, number otr-1999-01, February.
    2. Jorge Rojas, 1993. "El Perú hasta 1960. Políticas liberales en una economía abierta," Documentos de Trabajo / Working Papers 1993-109, Departamento de Economía - Pontificia Universidad Católica del Perú.
    3. Edwards, Sebastian, 1983. "Floating Exchange Rates in Less-Developed Countries: A Monetary Analysis of the Peruvian Experience, 1950-54," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 15(1), pages 73-81, February.
    Full references (including those not matched with items on IDEAS)

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:imf:imfwpa:12/166. 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: (Jim Beardow) or (Hassan Zaidi). General contact details of provider: http://edirc.repec.org/data/imfffus.html .

    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 CitEc recognized a reference but did not link an item in RePEc 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.