Showing 251 - 260 of 270
Se propone una metodología alternativa de identificación de episodios de auge crediticio que incorpora fundamentos económicos. Un episodio de auge crediticio se define como un período durante el cual la trayectoria del nivel de crédito se desvía "en exceso" respecto de su "tendencia",...
Persistent link: https://www.econbiz.de/10010686202
Este trabajo tiene por objetivo identificar el tipo de relación que existe entre un conjunto de variables del sistema bancario y un grupo de variables macroeconómicas; así como describir las características estadísticas de los principales indicadores financieros a nivel de bancos y la...
Persistent link: https://www.econbiz.de/10010635692
This paper provides evidence on the Harberger-Laursen-Metzler (HLM) effect for the case of Peru. The HLM effect is the deterioration in the savings level of an economy due to a decline in their terms of trade for a given level of investment. This deterioration is caused by lower revenues which...
Persistent link: https://www.econbiz.de/10010667195
En los últimos años, la literatura ha analizado la relación entre las habilidades cognitivas y no cognitivas y los resultados del mercado laboral. Más aún, se ha estudiado la correlación entre diferencias en estas habilidades y diferencias en salarios entre hombres y mujeres. No obstante,...
Persistent link: https://www.econbiz.de/10010721317
The unprecedented monetary expansion implemented by central banks in developed economies during recent years has induced an extraordinary flow of funds to emerging economies and supported high commodity prices. This has created upward pressures on the value of local currencies and a further...
Persistent link: https://www.econbiz.de/10010721669
Persistent link: https://www.econbiz.de/10004289326
Persistent link: https://www.econbiz.de/10001458744
Persistent link: https://www.econbiz.de/10001593974
Historical data and model simulations support the following conclusion. Inflation is low during stock market booms, so that an interest rate rule that is too narrowly focused on inflation destabilizes asset markets and the broader economy. Adjustments to the interest rate rule can remove this...
Persistent link: https://www.econbiz.de/10009018156
This article explains the main features of the sterilized intervention in the foreign exchange market and the use of non-conventional policy instruments as applied by the Central Reserve Bank of Peru in order to avoid credit booms or busts in a context of a partially dollarized financial system....
Persistent link: https://www.econbiz.de/10009018157