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Living with Dollarization and the Route to Dedollarization

Galindo, Arturo José - 2011

Financial dollarization in Latin America has been growing over time in spite of a major reduction in inflation and a shift toward central bank independence. After discussing the key stylized facts of dollarization and dedollarization in the region, we discuss the risks this process poses to the...

Persistent link: https://www.econbiz.de/10013126343

Targeting Inflation in a Dollarized Economy : The Peruvian Experience

Armas, Adrián - 2011

This discusses the unique experience of Peru`s Central Bank with inflation targeting in an economy characterized by a … high degree of financial dollarization. The paper outlines how Peru has taken financial dollarization into consideration in …

Persistent link: https://www.econbiz.de/10013126327

Monetary Policy Challenges in Emerging Markets : Sudden Stop, Liability Dollarization, and Lender of Last Resort

Calvo, Guillermo A. - 2011

The paper argues that Emerging Market economies (EMs) face financial vulnerabilities that weaken the effectiveness of a domestic Lender of Last Resort (LOLR). As a result, monetary policy is inextricably linked to the state of the credit market. In particular, the central bank should be ready to...

Persistent link: https://www.econbiz.de/10013126221

Real Exchange Rates, Dollarization and Industrial Employment in Latin America

Galindo, Arturo José - 2011

This paperuses a panel dataset on industrial employment and trade for 9 Latin American countries for which liability dollarization data at the industrial level is available. It tests whether real exchange rate fluctuations have a significant impact on employment, and analyze whether the impact...

Persistent link: https://www.econbiz.de/10013126241

Corporate Dollar Debt and Depreciations : Much Ado About Nothing?

Bleakley, C. Hoyt - 2011

Much has been written recently about the problems for emerging markets that might result from a mismatch between foreign-currency denominated liabilities and assets (or income flows) denominated in local currency. In particular, several models, developed in the aftermath of financial crises of...

Persistent link: https://www.econbiz.de/10013126337

Why Should Emerging Economies Give Up National Currencies? A Case for Institutions Substitution

Mendoza, Enrique G. - 2011

Financial contagion and Sudden Stops of capital inflows experienced in emerging-markets crises may originate in an explosive mix of lack of policy credibility and world capital market imperfections that afflict emerging economies with national currencies. Hence, this paper argues that abandoning...

Persistent link: https://www.econbiz.de/10013126419

Innovation, Research and Development, and Productivity : Case Studies from Peru

Kuramoto, Juana R. - 2012

shoe manufacture in Peru, which are served by the network of Technological Innovation Centers (CITEs), the most important … technology policy instrument available in Peru. These two chains, in low and medium-technology industries, are representative of … Peru's manufacturing sector. Of particular interest is the role of technical standards as a means of technological …

Persistent link: https://www.econbiz.de/10013114288

The Gender Wage Gap in Peru 1986-2000 : Evidence from a Matching Comparisons Approach

Ñopo, Hugo - 2011

Applying the methodology developed in Ñopo (2004), this paper analyzes the evolution of the gender wage gap in Peru …

Persistent link: https://www.econbiz.de/10013126100

Occupational Training to Reduce Gender Segregation : The Impacts of Projoven

Ñopo, Hugo - 2011

This paper discusses program evaluation for ProJoven, the Peruvian youth labor training program. Complementing detailed fieldwork, the econometric work implements a two-stage matching procedure on propensity scores, gender and labor income. This allows identification of differentiated program...

Persistent link: https://www.econbiz.de/10013126168

Informality and Productivity in the Labor Market : Peru 1986 - 2001

Chong, Alberto - 2011

Peru has one of the highest informality rates in Latin America, with almost 60 percent of the urban labor force working … rates in the 1990s. First, Peru experienced a steady increase in employment allocation in traditionally “informal” sectors …

Persistent link: https://www.econbiz.de/10013126181