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This note outlines a scheme for mobilizing financing to help developing countries confront the challenges posed by climate change. The idea is to create a “Green Fund†with the capacity to raise resources on a scale commensurate with the Copenhagen Accord ($100 billion a year by 2020)....
Persistent link: https://www.econbiz.de/10011123888
This Selected Issues paper examines application of fiscal framework alternatives to the case of Peru. Although growth … has been at historical highs over the last decade, Peru still has an important infrastructure gap and a quarter of its … case of Peru. It takes stock of analytical considerations to resource management, and analyzes Peru’s natural resource …
Persistent link: https://www.econbiz.de/10011244249
This 2013 Article IV Consultation highlights that Peru’s economy continues to be a leader in high growth and low inflation in the region, which has been achieved through a prudent macroeconomic policy implementation, a far-reaching structural reform agenda and taking advantage of the...
Persistent link: https://www.econbiz.de/10011245344
Peru has successfully pursued a market-driven financial de-dollarization during the last decade. Dollarization of …
Persistent link: https://www.econbiz.de/10008560449
Output gap estimates are subject to a wide range of uncertainty owing to data revisions and the difficulty in distinguishing between cycle and trend in real time. This is important given the central role in monetary policy of assessments of economic activity relative to capacity. We show that...
Persistent link: https://www.econbiz.de/10011163120
This paper tests the hypothesis of ‘commodity currency’ on the nuevo sol and, more generally, identifies the drivers of Peru’s equilibrium real exchange rate using a cointegration analysis. The results show that export commodity prices do not have a statistically significant...
Persistent link: https://www.econbiz.de/10011242227
We examine corporate sector vulnerabilities in Brazil, Chile, Colombia, Mexico and Peru. First, we identify stylized …
Persistent link: https://www.econbiz.de/10011242251
This paper discusses Peru’s economic performance in 2012. The impressive growth is owed to its strong fundamentals and sound policy management. However, the economy is vulnerable to short-term shocks. A low growth in China or in the United States could hamper Peru’s macroeconomic...
Persistent link: https://www.econbiz.de/10011242761
The purpose of the study is to examine Peru’s effective interest spread through accounting decompositions, financial ratio analysis, and spread regressions. The government’s financial restructuring programs accelerated the banking sector consolidation process. Robustness of...
Persistent link: https://www.econbiz.de/10011243387
This paper assesses empirically the motives and effectiveness of forex interventions in Peru. While the central bank of … Peru states that its forex interventions aim only at containing excessive exchange rate volatility, the results of this …
Persistent link: https://www.econbiz.de/10011142096