Peru : Selected Issues Paper.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. Western Hemisphere Department.

Series:

IMF Staff Country Reports; Country Report ; No. 2013/046

IMF Staff Country Reports

Language:

English

Subjects (All):

Fiscal policy--Peru.

Fiscal policy.

Debts, Public--Peru.

Debts, Public.

Sovereign wealth funds--Peru.

Sovereign wealth funds.

Physical Description:

1 online resource (52 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2013.

Language Note:

English

Summary:

The purpose of the study is to examine Peru’s effective interest spread through accounting decompositions, financial ratio analysis, and spread regressions. The government’s financial restructuring programs accelerated the banking sector consolidation process. Robustness of Peru’s credit system and interest rate decomposition has also been viewed. Three key financial ratios—return on equity (RoE), return on assets (RoA), and net interest margin (NIM)—focused by financial statements, have also been studied. Finally, the framework of Espino and Carrera used for the estimation of interest rate spreads has also been discussed.

Contents:

Cover; CONTENTS; FISCAL OBJECTIVES: LOWER DEBT OR HIGHER SAVINGS?; A. Introduction; B. Peru's Current Fiscal Framework and Low Public Sector Debt; Boxes; Box 1. Peru's Fiscal Institutional Framework in the FRTL; Figures; Figure 1. Peru: Debt Reduction with a Cross-Country Perspective (2000-11); C. Considerations to Define a Savings Target in Peru; Box 2. The Challenges of Closing the Infrastructure Gap; D. A Proposed Framework for Managing Public Savings; Box 3. Sovereign Wealth Funds, by Type of Funding Rule; Figure 2. Interface of SWF with Budget Execution and Cash Management

E. Concluding RemarksBox 4. Institutional Arrangements, Transparency and Accountability of SWFs.; TRADE EVOLUTION AND POLICY CHALLENGES; A. Introduction; Figure 1. Peru and LA6: Trade Openness; B. Riding on the Commodity Price Boom; Figure 2. Peru and LA6: World Trade Integration; Tables; Table 1. Peru: Real GDP and Mining Sector GDP Growth; Figure 3. Peru: Mining Production and Mineral Exports, 2000-11; Figure 4. Peru: Non-traditional Exports; Table 2. Peru: Top Exports by Product, 2005-11; C. Increasing Trade Exposure to China; Figure 5. Peru and LA6: Export Product Concentration

Figure 6. Peru: Major Trading PartnersTable 3. Peru: Top Exports by Product and by Major Export Destinations, 2011; D. Towards Greater Trade Diversification; E. Conclusions; Appendix Table 1: Peru: Revealed Comparative Advantage, 1995, 2000, 2005 and 2011; Appendix Table 2. Selected LA6: Intra-Industry Trade Index, 2011; BANKING SECTOR SPREADS; A. Background and Stylized Facts; Fig 1. Peru: Banking Sector Concentration and Ownership; Table 1. Quality of Legal Framework and Credit Information, 2011; Figure 2. Banking Sector Indicators, 2011; B. Interest Rate Decompositions

Table 2. Interest Rate Spread Decompositions: Total Banking SystemC. Financial Statement Analysis; Table 3. Peru: Financial Statement Analysis of the Banking System; Figure 3. Peru: Interest Rate Spread Decompositions, 2000-11; Figure 4. Peru: Interest Spread Decompositions, 2000-11; D. Interest Rate Regressions; Figure 5. Peru: Financial Statement Analysis, 2000-11; Figure 6. Peru: Financial Statement Analysis, 2000-11; Table 4. Interest Spread Regressions; E. Conclusions

Notes:

February 2013.

Description based on online resource; title from PDF title page (ebrary, viewed September 29, 2014).

ISBN:

9781475561753

147556175X

9781475569872

1475569874

9781299395145

1299395147

9781475555851

1475555857