Peru: Selected Issues

International Monetary Fund

No 2004/156, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper focuses on policies to promote high, sustainable growth in Peru, the risks posed by dollarization, and key medium-term fiscal issues of decentralization and social security reform. The paper identifies the main impediments to output and employment growth and proposes steps to remove them. It uses a balance sheet approach to analyze Peru’s highly dollarized economy, and finds that the factors explaining Peru’s relatively low international trade levels are related to the impediments to growth. The paper also looks at the main impediments to high, sustainable output, and employment growth in Peru.

Keywords: ISCR; CR; cost; trade; foreign currency; government; rate; employment growth; balance sheet approach; dollar liquidity; dollarized economy; reserve holding; Peru investment climate survey; Pensions; Pension spending; Fiscal federalism; Financial statements; Currency mismatches; East Asia; Western Hemisphere; South America (search for similar items in EconPapers)
Pages: 87
Date: 2004-05-28
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Citations: View citations in EconPapers (2)

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