The main purpose of this paper is to emphasize the importance of the externa1 imbalances generated by the economic program of the Fujimori government, presenting the circumstances that explain why these imbalances have been accompanied, paradoxically, by a significative increase in foreign...

After reviewing the policies of the 1960-1990 period, this paper attempts to survey the commercial and exchange liberalization policies carried out by the Peruvian government between 1990 and 1997, trying thereafter to appraise the consequences of these policies. With regards to commercial...

The Great Recession is the manifestation of some fundamental problems in the real sector of the global economy, related basically to the loss of competitiveness of the U.S. and other central economies reflected in continuous external disequilibria in the form of parallel current account deficits...

Although in the debate over the current financial crisis there is a general agreement on the role played by foreign capital inflows into the United States – that together with financial deregulation allowed for an excessive increase of credit in that country–, we think that their importance...

En momentos en que nuestro país es testigo de un intenso debate sobre el Sistema Privado de Pensiones (SPP), el cual refleja la pérdida de legitimidad de las Administradoras Privadas de Fondos de Pensiones (AFP) frente a sus afiliados, publicamos este libro con el objetivo básico de evaluar...

This paper presents some provisional results of a research on the Peruvian Private Pensions System (SPP), whose principal purpose is to propose a methodology to measure the net rate of return of such System, rate of return which, in time may not only be used as a fundamental indicator of the...

This paper tries to emphasize the importance of the inflow of foreign capitals for the performance of the Peruvian economy during the 1990-1998 period. In fact, it is argued that both the expansion of the level of activity and the defeat of inflation were made possible by the big inflow of...