Domestic capital formation, financial intermediation and economic development in Peru
This paper focusses on the reasons of the poor performance of domestic resource mobilization in Peru. It begins with an analysis of the structure of domestic savings and its changes in the course of economic development (Section II) . After the description of the Peruvian financial sector (Section III) financial policies since the early 1970 are reviewed and the effects of financial repression discussed (Section IV). Finally some policy suggestions to improve domestic resource mobilization are presented.
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- Fry, Maxwell J., 1982. "Models of financially repressed developing economies," World Development, Elsevier, vol. 10(9), pages 731-750, September.
- Domingo F. Cavallo & A. Humberto Petrei, 1983. "Financing Private Business in an Inflationary Context: The Experience of Argentina between 1967 and 1980," NBER Chapters, in: Financial Policies and the World Capital Market: The Problem of Latin American Countries, pages 153-186 National Bureau of Economic Research, Inc.
- Corsepius, Uwe & Fischer, Bernhard, 1986. "Interest rate policies and domestic savings mobilization: A survey of the empirical evidence of Asian countries," Kiel Working Papers 267, Kiel Institute for the World Economy (IfW).
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