Peru: The External and Internal Adjustment Challenge
Guardado en:
2522-3054
2521-8301
1
2017-08-12
11
67
http://purl.org/coar/access_right/c_abf2
info:eu-repo/semantics/openAccess
Journal of Economics Finance and International Business - 2017
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Peru: The External and Internal Adjustment Challenge Journal of Economics Finance and International Business Text http://purl.org/coar/access_right/c_abf2 info:eu-repo/semantics/openAccess http://purl.org/coar/version/c_970fb48d4fbd8a85 info:eu-repo/semantics/publishedVersion http://purl.org/redcol/resource_type/ARTREF http://purl.org/coar/resource_type/c_6501 info:eu-repo/semantics/article Journal of Economics Finance and International Business - 2017 https://creativecommons.org/licenses/by-nc-sa/4.0/ Español https://revistas.usil.edu.pe/index.php/jefib/article/view/209 Universidad San Ignacio de Loyola application/pdf 1 1 Núm. 1 , Año 2017 : August Artículo de revista Publication Peru: The External and Internal Adjustment Challenge Journal article This paper sketches some of the main external and internal macroeconomic challenges confronting Peru over the nearand medium-term. It argues that Peru’s main macroeconomic challenges could be summarized in three main headings: First, the Peruvian economy is currently in a period of transition from the biggest resource boom since the mid- 1950s to a “new normal” characterized by weaker foreign demand, falling metal prices and expectations of rising interest rates at the international level. Transition to a “new normal” has its own challenges, which, in the case of a small open economy like Peru, are currently being heightened by the abovementioned global conditions. Second, transition to a new normal is happening under robust initial conditions, which could be summarized by the Peruvian economy’s sound macroeconomic fundamentals, and its underlying flexibility. Such flexibility helped the economy dealing with the upswing of the mining development boom and should help us in the downswing. Third, macroeconomic policy—particularly monetary and exchange rate policy—is helping in this adjustment, although a successful transition may need to be supported by a number of structural policies, that are noted in the paper. 2017-08-12T00:00:00Z 11 2017-08-12T00:00:00Z https://revistas.usil.edu.pe/index.php/jefib/article/download/209/631 2017-08-12 https://doi.org/10.20511/jefib.2017.v1n1.209 10.20511/jefib.2017.v1n1.209 2521-8301 2522-3054 67 |
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UNIVERSIDAD SAN IGNACIO DE LOYOLA |
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https://nuevo.metarevistas.org/USIL/logo.png |
| country_str |
Perú |
| collection |
Journal of Economics Finance and International Business |
| title |
Peru: The External and Internal Adjustment Challenge |
| spellingShingle |
Peru: The External and Internal Adjustment Challenge |
| title_short |
Peru: The External and Internal Adjustment Challenge |
| title_full |
Peru: The External and Internal Adjustment Challenge |
| title_fullStr |
Peru: The External and Internal Adjustment Challenge |
| title_full_unstemmed |
Peru: The External and Internal Adjustment Challenge |
| title_sort |
peru: the external and internal adjustment challenge |
| title_eng |
Peru: The External and Internal Adjustment Challenge |
| description_eng |
This paper sketches some of the main external and internal macroeconomic challenges confronting Peru over the nearand medium-term. It argues that Peru’s main macroeconomic challenges could be summarized in three main headings: First, the Peruvian economy is currently in a period of transition from the biggest resource boom since the mid- 1950s to a “new normal” characterized by weaker foreign demand, falling metal prices and expectations of rising interest rates at the international level. Transition to a “new normal” has its own challenges, which, in the case of a small open economy like Peru, are currently being heightened by the abovementioned global conditions. Second, transition to a new normal is happening under robust initial conditions, which could be summarized by the Peruvian economy’s sound macroeconomic fundamentals, and its underlying flexibility. Such flexibility helped the economy dealing with the upswing of the mining development boom and should help us in the downswing. Third, macroeconomic policy—particularly monetary and exchange rate policy—is helping in this adjustment, although a successful transition may need to be supported by a number of structural policies, that are noted in the paper.
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| author |
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| citationvolume |
1 |
| citationissue |
1 |
| citationedition |
Núm. 1 , Año 2017 : August |
| publisher |
Universidad San Ignacio de Loyola |
| ispartofjournal |
Journal of Economics Finance and International Business |
| source |
https://revistas.usil.edu.pe/index.php/jefib/article/view/209 |
| language |
Español |
| format |
Article |
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http://purl.org/coar/access_right/c_abf2 info:eu-repo/semantics/openAccess Journal of Economics Finance and International Business - 2017 https://creativecommons.org/licenses/by-nc-sa/4.0/ |
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info:eu-repo/semantics/publishedVersion |
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http://purl.org/coar/version/c_970fb48d4fbd8a85 |
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Text |
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2017-08-12 |
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2017-08-12T00:00:00Z |
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2017-08-12T00:00:00Z |
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https://revistas.usil.edu.pe/index.php/jefib/article/view/209 |
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https://doi.org/10.20511/jefib.2017.v1n1.209 |
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2522-3054 |
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2521-8301 |
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10.20511/jefib.2017.v1n1.209 |
| citationstartpage |
11 |
| citationendpage |
67 |
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https://revistas.usil.edu.pe/index.php/jefib/article/download/209/631 |
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