There are two main positions to explain the exchange rate appreciation which occurred during President Fujimori's government. The first one state that this appreciation was caused by a restrictive monetary policy, while the second attributes it to a capital inflow originated by the fall of...

This paper discusses the dynamics of relative prices since 1985 comparing the performance during the inflationary accelerations and disinflations, both orthodox and heterodox. It is postulated that in 1988 there was a «change of regime, (is a regime of high inflation and not hyperinflation) and...

This paper examines the current prospects of small-scale manufacturing firms in Peru. The author argues that their viability depends, among other factors, on their access to various services such as specialized information on markets and technology, technical training and assistance,...

The paper analyzes empirically the process of price dollarization in Peru since 1980. This process is defmed like indexation by the exchange rate. A review of the bibliographic material relative to dollarization is previously done. Wealth dollarization is preliminary studied too. The results...

This paper analyze the peruvian economy evolution since 1970 to 1993, testing the mainly growth constraint, using different alternatives of estimation with a “three gap” model. The results show that they have not been, the fiscal gap neither the saving gap, that have limitated the growth....