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Dolarización real en el Perú

Author

Listed:
  • Contreras, Alex
  • Quispe,Zenón
  • Regalado, Fernando
  • Martínez, Martín

Abstract

Aunque la dolarización financiera se ha reducido considerablemente (en el caso de los créditos, de más de 80 en 1990 a menos de 30 en 2017), la dolarización de las transacciones persiste en niveles altos (alrededor de 60 por ciento). Ello impone desafíos importantes a la política monetaria, principalmente en escenarios de mayor volatilidad del tipo de cambio, que afectan a la inflación doméstica a través del traspaso hacia precios. Este documento presenta una medición de la dolarización real a nivel sectorial y al nivel de la estructura de costos de las empresas no financieras, lo que resulta crucial para comprender mejor este fenómeno y contribuir al diseño de la política monetaria en el Perú.

Suggested Citation

  • Contreras, Alex & Quispe,Zenón & Regalado, Fernando & Martínez, Martín, 2017. "Dolarización real en el Perú," Revista Estudios Económicos, Banco Central de Reserva del Perú, issue 33, pages 43-55.
    • Handle: RePEc:rbp:esteco:ree-33-03
    as

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    File URL: https://www.bcrp.gob.pe/docs/Publicaciones/Revista-Estudios-Economicos/33/ree-33-contreras-quispe-regalado-martinez.pdf
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    References listed on IDEAS

    as
    1. Winkelried, Diego & Castillo, Paul, 2010. "Dollarization persistence and individual heterogeneity," Journal of International Money and Finance, Elsevier, vol. 29(8), pages 1596-1618, December.
    2. Rossini, Renzo & Vega, Marco & Quispe, Zenón & Pérez, Fernando, 2016. "Expectativas de inflación y dolarización en el Perú," Revista Estudios Económicos, Banco Central de Reserva del Perú, issue 31, pages 71-84.
    3. 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.
    4. Miss Nkunde Mwase & Mr. Francis Y Kumah, 2015. "Revisiting the Concept of Dollarization: The Global Financial Crisis and Dollarization in Low-Income Countries," IMF Working Papers 2015/012, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Rodriguez, Gabriel & Castillo B., Paul & Calero, Roberto & Salcedo Cisneros, Rodrigo & Ataurima Arellano, Miguel, 2024. "Evolution of the exchange rate pass-through into prices in Peru: An empirical application using TVP-VAR-SV models," Journal of International Money and Finance, Elsevier, vol. 142(C).
    2. Castellares, Renzo & Toma, Hiroshi, 2020. "Effects of a mandatory local currency pricing law on the exchange rate pass-through," Journal of International Money and Finance, Elsevier, vol. 106(C).

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    More about this item

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F31 - International Economics - - International Finance - - - Foreign Exchange

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