exposed to a significant degree of dollarization, Peru and Uruguay. It is shown that the traditional interest rate channel is … effective in Chile and New Zealand. For Peru and Uruguay, the exchange rate channel is instead more relevant in the transmission … pass through. Finally, it is shown that the on-going de-dollarization process of Peru and Uruguay has somewhat strengthened …

KEY ISSUES Context: Peru remains one of the best performing economies in Latin America, with solid macroeconomic … fundamentals, strong policy frameworks, and visible gains in poverty reduction. Like most of the region, Peru faced a challenging …

Peru: Selected Issues Paper …

Peru stands out among Latin American countries as an example of successful economic reforms over the past decade. This … comprehensive look at Peru's economy traces that country's journey from a debt crisis in the 1980s to having buffers in place that … allowed it to emerge unscathed from the global financial crisis. The book examines the steps Peru undertook to achieve these …

Peru's economic performance was influenced by adverse external shocks and political uncertainty. Executive Directors …

Central Reserve Bank of Peru (BCRP) eased monetary policy to support activity and allowed greater exchange rate flexibility to …, unexpected effects of the withdrawal of monetary stimulus in the U.S. could affect Peru through higher cost of investment. Near … China (one of Peru’s principal trading partners) by fostering productivity improvements and sustaining investment growth. It …

This paper quantifies the effects of external risks for Peru, with particular attention to two major external risks … and partially dollarized economy is developed and estimated for Peru to measure the risk spillovers, and simulate domestic … macroeconomic responses in different scenarios with these two external risks. The simulation results suggest that Peru’s output is …

Using data from Argentina, Australia, Colombia, El Salvador, Peru, and the United States, we identify three types of …

This 2010 Article IV Consultation highlights that growth in Peru decelerated sharply in 2009, owing to the global … the strong buffers built in recent years, Peru was able to implement a significant monetary and fiscal policy response …

- Argentina, Chile, Colombia, Mexico, and Peru - is used for this purpose …