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Una nota sobre el crecimiento del crédito al sector privado en el Perú

Author

Listed:
  • Orrego, Fabrizio

    () (Banco Central de Reserva del Perú)

Abstract

El objetivo de este trabajo es profundizar la identificación de los episodios de “auge crediticio” en el Perú. Éste se define como aquel periodo durante el cual el crédito al sector privado se incrementa por encima de lo usual durante una típica fase expansiva del ciclo económico y está asociado a menudo con períodos de turbulencia financiera. En particular, los resultados sugieren que el crecimiento reciente del crédito es robusto, aunque no hay evidencia suficiente de que se trata de un “auge crediticio”. En este sentido, las medidas tomadas en los últimos meses por el Banco Central han contribuido a la sostenibilidad del crecimiento del crédito, en un entorno caracterizado por la desaceleración de la economía mundial.

Suggested Citation

  • Orrego, Fabrizio, 2009. "Una nota sobre el crecimiento del crédito al sector privado en el Perú," Working Papers 2009-002, Banco Central de Reserva del Perú.
    • Handle: RePEc:rbp:wpaper:2009-002
    as

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    File URL: http://www.bcrp.gob.pe/docs/Publicaciones/Documentos-de-Trabajo/2009/Documento-de-Trabajo-02-2009.pdf
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    References listed on IDEAS

    as
    1. Pierre-Olivier Gourinchas & Rodrigo Valdes & Oscar Landerretche, 2001. "Lending Booms: Latin America and the World," ECONOMIA JOURNAL, THE LATIN AMERICAN AND CARIBBEAN ECONOMIC ASSOCIATION - LACEA, vol. 0(Spring 20), pages 47-100, January.
    2. Cottarelli, Carlo & Dell'Ariccia, Giovanni & Vladkova-Hollar, Ivanna, 2005. "Early birds, late risers, and sleeping beauties: Bank credit growth to the private sector in Central and Eastern Europe and in the Balkans," Journal of Banking & Finance, Elsevier, vol. 29(1), pages 83-104, January.
    3. Marco Terrones & Enrique G. Mendoza, 2008. "An Anatomy of Credit Booms; Evidence From Macro Aggregates and Micro Data," IMF Working Papers 08/226, International Monetary Fund.
    4. Bernanke, Ben S. & Gertler, Mark & Gilchrist, Simon, 1999. "The financial accelerator in a quantitative business cycle framework," Handbook of Macroeconomics,in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 21, pages 1341-1393 Elsevier.
    5. Alain Guay & Pierre Saint-Amant, 2005. "Do the Hodrick-Prescott and Baxter-King Filters Provide a Good Approximation of Business Cycles?," Annals of Economics and Statistics, GENES, issue 77, pages 133-155.
    6. Castillo, Paul & Montoro, Carlos & Tuesta, Vicente, 2007. "Hechos estilizados de la economía peruana," Revista Estudios Económicos, Banco Central de Reserva del Perú, issue 14, pages 33-75.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Espino, Freddy, 2013. "Hechos Estilizados del Sistema Bancario Peruano," Working Papers 2013-005, Banco Central de Reserva del Perú.
    2. Lahura, Erick & Chang, Giancarlo & Salazar, Oscar, 2013. "Identificación de Episodios de Auge Crediticio: Una propuesta Metodológica con Fundamentos Económicos," Working Papers 2013-011, Banco Central de Reserva del Perú.

    More about this item

    Keywords

    Auge crediticio; política monetaria;

    JEL classification:

    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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