IDEAS home Printed from https://ideas.repec.org/p/rbp/wpaper/2014-007.html
   My bibliography  Save this paper

Medidas Macroprudenciales aplicadas en el Perú

Author

Listed:
  • Choy, Marylin

    (Banco Central de Reserva del Perú)

  • Chang, Giancarlo

    (Banco Central de Reserva del Perú)

Abstract

Muchos países han venido implementando medidas macroprudenciales ante la necesidad de complementar la regulación y supervisión tradicionales, las cuales, como quedó demostrado en la reciente crisis financiera internacional, han resultado insuficientes para hacer frente de manera efectiva a los desequilibrios en los mercados, las instituciones y la infraestructura financiera, que puedan originar riesgos sistémicos que pongan en peligro la estabilidad financiera. Este estudio realiza una síntesis y análisis de las medidas macroprudenciales aplicadas en el Perú, las que se enfocaron principalmente en evitar un excesivo crecimiento del crédito del sistema financiero, en reducir el impacto desestabilizador de los grandes flujos de capitales así como en acotar el riesgo cambiario que afrontan los agentes económicos en una economía dolarizada como la peruana.

Suggested Citation

  • Choy, Marylin & Chang, Giancarlo, 2014. "Medidas Macroprudenciales aplicadas en el Perú," Working Papers 2014-007, Banco Central de Reserva del Perú.
  • Handle: RePEc:rbp:wpaper:2014-007
    as

    Download full text from publisher

    File URL: http://www.bcrp.gob.pe/docs/Publicaciones/Documentos-de-Trabajo/2014/documento-de-trabajo-07-2014.pdf
    File Function: Application/pdf
    Download Restriction: no

    Other versions of this item:

    References listed on IDEAS

    as
    1. Simon T Gray, 2011. "Central Bank Balances and Reserve Requirements," IMF Working Papers 11/36, International Monetary Fund.
    2. Goodhart, Charles, 2013. "La autoridad macroprudencial: Poderes, alcance y rendición de cuentas," Revista Estudios Económicos, Banco Central de Reserva del Perú, issue 25, pages 9-28.
    3. Chang, Giancarlo, 2013. "Riesgo cambiario en las empresas," Revista Moneda, Banco Central de Reserva del Perú, issue 156, pages 14-18.
    4. Bank for International Settlements, 2010. "Macroprudential instruments and frameworks: a stocktaking of issues and experiences," CGFS Papers, Bank for International Settlements, number 38.
    5. Gabriele Galati & Richhild Moessner, 2013. "Macroprudential Policy – A Literature Review," Journal of Economic Surveys, Wiley Blackwell, vol. 27(5), pages 846-878, December.
    6. Leon, David & Quispe, Zenon, 2010. "El encaje como instrumento no convencional de Política Monetaria," Revista Moneda, Banco Central de Reserva del Perú, issue 143, pages 8-16.
    7. Hahm, Joon-Ho & Mishkin, Frederic S. & Shin, Hyun Song & Shin, Kwanho, 2011. "Macroprudential policies in open emerging economies," Proceedings, Federal Reserve Bank of San Francisco, issue Nov, pages 63-114.
    8. Ramon Moreno, 2011. "Policymaking from a "macroprudential" perspective in emerging market economies," BIS Working Papers 336, Bank for International Settlements.
    9. Renzo Rossini & Zenon Quispe & Enrique Serrano, 2013. "Foreign exchange intervention in Peru," BIS Papers chapters,in: Bank for International Settlements (ed.), Sovereign risk: a world without risk-free assets?, volume 73, pages 243-262 Bank for International Settlements.
    10. International Monetary Fund, 2011. "Macroprudential Policy; What Instruments and How to Use them? Lessons From Country Experiences," IMF Working Papers 11/238, International Monetary Fund.
    11. Contreras, Alex, 2011. "Buffers de capital y provisiones procíclicas," Revista Moneda, Banco Central de Reserva del Perú, issue 148, pages 17-20.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Choy, Marylin & Cerna, Jorge, 2014. "Comportamiento de los mercados financieros peruanos ante el anuncio del tapering," Working Papers 2014-011, Banco Central de Reserva del Perú.
    2. Elias Minaya & Miguel Cabello, 2017. "Macroprudential Policies in Peru: The effects of Dynamic Provisioning and Conditional Reserve Requirements," BIS Working Papers 675, Bank for International Settlements.
    3. Luis Catão & Marco Terrones, 2016. "Financial De-Dollarization; A Global Perspective and the Peruvian Experience," IMF Working Papers 16/97, International Monetary Fund.
    4. Cabello, Miguel & Lupú, José & Minaya, Elías, 2017. "Macroprudential Policies in Peru: The effects of Dynamics Provisioning and Conditional Reserve Requirements," Working Papers 2017-002, Banco Central de Reserva del Perú.
    5. Pérez-Forero, Fernando & Vega, Marco, 2014. "The Dynamic Effects of Interest Rates and Reserve Requirements," Working Papers 2014-018, Banco Central de Reserva del Perú.

    More about this item

    Keywords

    requerimientos de encaje; política contracíclica; dolarización financiera; flujo de capital; macroprudencial;

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    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:rbp:wpaper:2014-007. 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: (Research Unit). General contact details of provider: http://edirc.repec.org/data/bcrgvpe.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.