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Medidas macroprudenciales aplicadas en el Perú

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Listed:
  • Choy, Marylin
  • Chang, Giancarlo

Abstract

Las medidas macroprudenciales han sido implementadas por diversos países ante la necesidad de complementar la regulación y supervisión tradicionales, las cuales, como quedó demostrado en la reciente crisis financiera internacional, han resultado insuficientes para hacer frente, de manera efectiva, a los riesgos sistémicos que ponen en peligro la estabilidad financiera. Este estudio analiza las medidas macroprudenciales aplicadas en el Perú, las que buscaron evitar el excesivo crecimiento del crédito del sistema financiero, reducir el impacto desestabilizador de los grandes flujos de capitales, así como acotar el riesgo cambiario que afrontan los agentes económicos en una economía dolarizada como la peruana.

Suggested Citation

  • Choy, Marylin & Chang, Giancarlo, 2014. "Medidas macroprudenciales aplicadas en el Perú," Revista Estudios Económicos, Banco Central de Reserva del Perú, issue 27, pages 25-50.
    • Handle: RePEc:rbp:esteco:ree-27-02
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    References listed on IDEAS

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    1. Mr. Simon T Gray, 2011. "Central Bank Balances and Reserve Requirements," IMF Working Papers 2011/036, International Monetary Fund.
    2. Goodhart, Charles, 2013. "La autoridad macroprudencial: Poderes, alcance y rendición de cuentas," Revista Estudios Económicos, Banco Central de Reserva del Perú, issue 25, pages 9-28.
    3. Chang, Giancarlo, 2013. "Riesgo cambiario en las empresas," Revista Moneda, Banco Central de Reserva del Perú, issue 156, pages 14-18.
    4. Bank for International Settlements, 2010. "Macroprudential instruments and frameworks: a stocktaking of issues and experiences," CGFS Papers, Bank for International Settlements, number 38, december.
    5. International Monetary Fund, 2011. "Macroprudential Policy: What Instruments and How to Use them? Lessons From Country Experiences," IMF Working Papers 2011/238, International Monetary Fund.
    6. Gabriele Galati & Richhild Moessner, 2013. "Macroprudential Policy – A Literature Review," Journal of Economic Surveys, Wiley Blackwell, vol. 27(5), pages 846-878, December.
    7. Leon, David & Quispe, Zenon, 2010. "El encaje como instrumento no convencional de Política Monetaria," Revista Moneda, Banco Central de Reserva del Perú, issue 143, pages 8-16.
    8. Joon-Ho Hahm & Frederic S. Mishkin & Hyun Song Shin & Kwanho Shin, 2011. "Macroprudential policies in open emerging economies," Proceedings, Federal Reserve Bank of San Francisco, issue Nov, pages 63-114.
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    10. Renzo Rossini & Zenon Quispe & Enrique Serrano, 2013. "Foreign exchange intervention in Peru," BIS Papers chapters, in: Bank for International Settlements (ed.), Sovereign risk: a world without risk-free assets?, volume 73, pages 243-262, Bank for International Settlements.
    11. Contreras, Alex, 2011. "Buffers de capital y provisiones procíclicas," Revista Moneda, Banco Central de Reserva del Perú, issue 148, pages 17-20.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Rodríguez, Aldo, 2020. "Estimación Bayesiana de un Modelo de Economía Abierta con Sector Bancario," Dynare Working Papers 52, CEPREMAP.
    2. Mr. Luis Catão & Mr. Marco Terrones, 2016. "Financial De-Dollarization: A Global Perspective and the Peruvian Experience," IMF Working Papers 2016/097, International Monetary Fund.
    3. Elias Minaya & Miguel Cabello, 2017. "Macroprudential Policies in Peru: The effects of Dynamic Provisioning and Conditional Reserve Requirements," BIS Working Papers 675, Bank for International Settlements.
    4. Cabello, Miguel & Lupú, José & Minaya, Elías, 2017. "Macroprudential Policies in Peru: The effects of Dynamics Provisioning and Conditional Reserve Requirements," Working Papers 2017-002, Banco Central de Reserva del Perú.
    5. Pérez-Forero, Fernando & Vega, Marco, 2014. "The Dynamic Effects of Interest Rates and Reserve Requirements," Working Papers 2014-018, Banco Central de Reserva del Perú.
    6. Choy, Marylin & Cerna, Jorge, 2014. "Comportamiento de los mercados financieros peruanos ante el anuncio del tapering," Working Papers 2014-011, Banco Central de Reserva del Perú.
    7. Renzo G Rossini and Zenón Quispe, 2017. "Implementation of macroprudential policy in Peru," BIS Papers chapters, in: Bank for International Settlements (ed.), Macroprudential policy frameworks, implementation and relationships with other policies, volume 94, pages 257-275, Bank for International Settlements.

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    More about this item

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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