IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this paper

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]

Listed author(s):
  • Jiménez Sotelo, Renzo

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.

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:
File Function: original version
Download Restriction: no

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

in new window

Date of creation: 30 Jun 2001
Date of revision: 31 Dec 2001
Publication status: Published in Revista Apuntes 49 (2001): pp. 93-115
Handle: RePEc:pra:mprapa:26615
Contact details of provider: Postal:
Ludwigstraße 33, D-80539 Munich, Germany

Phone: +49-(0)89-2180-2459
Fax: +49-(0)89-2180-992459
Web page:

More information through EDIRC

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

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

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: (Joachim Winter)

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.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.