Peru : Selected Issues.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Contributor:

International Monetary Fund, Contributor.

Series:

IMF Staff Country Reports; Country Report ; No. 2007/053

IMF Staff Country Reports

Language:

English

Physical Description:

1 online resource (70 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2007.

Language Note:

English

Summary:

This Selected Issues paper for Peru explains growth and reform in the country post-1990. As half of the population in Peru still lives below the poverty line, further research should consider how the link between average income improvements and poverty reduction can be strengthened. Although the ongoing decentralization effort in Peru has been based on considerations of fiscal sustainability, more work needs to be done to ensure that the conditions for a successful decentralization are in place. The experience of Peru teaches that sound macroeconomic policies are a precondition for de-dollarization.

Contents:

Cover; Contents; I. Growth and Reform in Peru Post-1990: A Success Story?; A. Introduction; B. Stylized Facts; Text Tables; I. 1. Growth Accounting; C. Econometric Analyses; I. 2. Growth Determinants in Peru, 1970-2004; I. 3. Estimated Growth Contributions (OLS); I. 4. Growth in Latin American and the Caribbean, 1971-99: Regression Results for Dynamic Panel Analysis (System GMM); I. 5. Estimated Growth Contributions (GMM); D. Conclusions; II. Toward a Sound Fiscal Decentralization in Peru; A. Introduction; B. The Framework for Subnational Governments; Text Boxes

II. 1. The Accreditation ProcessII. 1. Financial Sources of Subnational Governments; II. 2. Current Revenue Sources of the Local Government, 2005; C. Experience with Decentralization; II. 3. Devolution of Functions, 2003; D. Priorities Ahead for a Sound Fiscal Decentralization; II. 4. Fiscal Operations of the NFPS; II. 5. Evolution of Canon, 2000-05; E. Conclusion; III. Peru's Experience with Partial Dollarization and Inflation Targeting; A. Introduction; B. What is Dollarization?; C. How Severe is Dollarization in Peru?; III. 1. Dollarization Ratios in Emerging Market Countries

D. What is Inflation Targeting?E. How Does Dollarization Affect Monetary Transmission?; III. 2. Dollartization and Monetary Policy; F. Peru's De-Dollarization Agenda; III. 3. Currency Composition of Fixed-Income Securities Issued by the Private Sector; G. Conclusions; IV. The Performance and Prospects of the Peruvian Textiles and Clothing Exports; A. Introduction; B. Stylized Facts; C. Factors Behind the Recent Performance: Private Initiatives; D. Factors Behind the Recent Performance: Public Schemes; E. External Factors Behind Performance: Trade Preferences and MFA Quotas

F. Developments in the Aftermath of Quota EliminationIV. 1 U.S. and EU Restrictions on Chinese T&C Exports in the Aftermath of MFA Quota Elimination; G. Prospects and the Need for Reforms; H. Outlook and Conclusions; IV. 1. Trading Across Borders

Notes:

Description based upon print version of record.

Description based on publisher supplied metadata and other sources.

ISBN:

9786613736376

9781462334186

1462334180

9781452780979

1452780978

9781280895067

1280895063

9781452716473

1452716471

OCLC:

870597727