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Domestic capital formation, financial intermediation and economic development in Peru

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  • Fischer, Bernhard

Abstract

This paper focusses on the reasons of the poor performance of domestic resource mobilization in Peru. It begins with an analysis of the structure of domestic savings and its changes in the course of economic development (Section II) . After the description of the Peruvian financial sector (Section III) financial policies since the early 1970 are reviewed and the effects of financial repression discussed (Section IV). Finally some policy suggestions to improve domestic resource mobilization are presented.

Suggested Citation

  • Fischer, Bernhard, 1987. "Domestic capital formation, financial intermediation and economic development in Peru," Kiel Working Papers 277, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkwp:277
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    1. Corsepius, Uwe & Fischer, Bernhard, 1986. "Interest rate policies and domestic savings mobilization: A survey of the empirical evidence of Asian countries," Kiel Working Papers 267, Kiel Institute for the World Economy (IfW Kiel).
    2. Fischer, Bernhard & Trapp, Peter, 1985. "Economic costs of large public sector deficits and high inflation: The Argentine lesson," Kiel Working Papers 237, Kiel Institute for the World Economy (IfW Kiel).
    3. Domingo F. Cavallo & A. Humberto Petrei, 1983. "Financing Private Business in an Inflationary Context: The Experience of Argentina between 1967 and 1980," NBER Chapters, in: Financial Policies and the World Capital Market: The Problem of Latin American Countries, pages 153-186, National Bureau of Economic Research, Inc.
    4. Fry, Maxwell J., 1982. "Models of financially repressed developing economies," World Development, Elsevier, vol. 10(9), pages 731-750, September.
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