Targeting Inflation in a Dollarized Economy: The Peruvian Experience

Adrián Armas and Francisco Grippa

No 1925, IDB Publications (Working Papers) from Inter-American Development Bank

Abstract: This discusses the unique experience of Peru's Central Bank with inflation targeting in an economy characterized by a high degree of financial dollarization. The paper outlines how Peru has taken financial dollarization into consideration in the design of monetary policy, then deals with monetary policy implementation and the Central Bank's strategy for controlling financial dollarization risks. The paper concludes with analysis and lessons drawn from the Peruvian case.

Keywords: WP-538 (search for similar items in EconPapers)
Date: 2005-09
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:idb:brikps:1925

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