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The experience of development banking in Peru: 1990-2015

Author

Listed:
  • Dancourt, Óscar
  • Jiménez Sotelo, Renzo

Abstract

This paper analyzes the experience with the state financial entities in Peru and argues that their development banking activities have decreased in importance as instruments of public policy since the structural reforms implemented in the early 1990s. Like all other state enterprises, they have since been subject to discriminatory legal regulation. The four state financial companies analyzed have objectives and goals that are not integrated with one other, duplicate their efforts, and do not take advantage of the possible synergies to be obtained; therefore, none of these institutions constitutes an effective state development bank such as exists in other countries.

Suggested Citation

  • Dancourt, Óscar & Jiménez Sotelo, Renzo, 2017. "The experience of development banking in Peru: 1990-2015," MPRA Paper 119941, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:119941
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    References listed on IDEAS

    as
    1. Ricardo Hausmann & Bailey Klinger, 2008. "Growth Diagnostics: Perú," Research Department Publications 2005, Inter-American Development Bank, Research Department.
    2. Adrián Armas & Francisco Grippa, 2005. "Targeting Inflation in a Dollarized Economy: The Peruvian Experience," Research Department Publications 4423, Inter-American Development Bank, Research Department.
    3. Mariana Mazzucato & Gregor Semieniuk, 2017. "Public financing of innovation: new questions," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 33(1), pages 24-48.
    4. Oscar Dancourt, 2015. "Inflation Targeting in Peru: The Reasons for the Success," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 57(3), pages 511-538, September.
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    Keywords

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    JEL classification:

    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
    • N26 - Economic History - - Financial Markets and Institutions - - - Latin America; Caribbean
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance

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