The Resource Peru : selected issues
Peru : selected issues
Resource Information
The item Peru : selected issues represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of San Diego Libraries.This item is available to borrow from 1 library branch.
Resource Information
The item Peru : selected issues represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of San Diego Libraries.
This item is available to borrow from 1 library branch.
- Summary
-
- This Selected Issues paper presents a comparative analysis of the macroeconomic adjustment in Chile, Colombia, and Peru to commodity terms-of-trade shocks. The study is done in two steps: (1) an analysis of the impulse responses of key macroeconomic variables to terms-of-trade shocks and (2) an event study of the adjustment to the recent decline in commodity prices. The experiences of these countries highlight the importance of flexible exchange rates to help with the adjustment to lower commodity prices, and staying vigilant in addressing depreciation pressures on inflation through tightening monetary policies. On the fiscal front, evidence shows that greater fiscal space, like that of Chile and Peru, gives more room for accommodating terms-of-trade shocks. -- With the end of the commodity super cycle, Peru's potential growth has declined, raising questions of what government policies could do to help boost growth, including over the medium term. This chapter shows that public investment multipliers have a larger effect on growth than current spending or tax-related stimulus in the short and medium terms. Peru's low debt and financial savings grants fiscal space for increasing investment spending, which could also entice and complement private investment, provided the former is efficient, fiscally sustainable and complemented by further reforms in public investment management and changes to the decentralization framework
- High levels of dollarization may render corporations and individuals very exposed to exchange rate volatility. But, higher exchange rate volatility may reduce incentives of holding liabilities or assets in foreign currency, thus reducing overall dollarization in an economy and increasing the pass-through of monetary policy decisions to inflation and economic activity. This chapter studies the impact that higher volatility in the nominal bilateral exchange rate with respect to the U.S. dollar has on the speed of de-dollarization across a sample of 33 emerging market economies, spanning the period 1997-2015. It finds that, indeed, higher exchange rate volatility, after controlling for global and country-specific factors, speeds up de-dollarization. More exchange rate flexibility may be the last needed step to reduce dollarization in Peru to very low levels. -- International taxation issues have moved to the forefront of tax policy concerns, both in Peru and more globally, as aggressive cross-border tax planning by many multinational enterprises has given rise to significant public disquiet. The weaknesses of the international tax architecture need to be looked at carefully from the perspective of developing countries. This chapter examines some of Peru's more salient risks to base erosion and profit shifting--pricing of mining exports and intra-group debt servicing--pointing out strengths and vulnerabilities of the Peruvian tax system and recommending alternative approaches to address remaining challenges
- Language
- eng
- Extent
- 1 online resource (64 pages)
- Note
-
- "July 2016."
- "June 3, 2016; approved by Western Hemisphere Department; prepared by M. Estevão, Z. Leal, F. Roch, S. Vtyurina (all WHD), G. Everaert (SPR), and R. Schatan (FAD)"--Page 2 of pdf
- Contents
-
- The adjustment to commodity price shocks in Chile, Colombia and Peru
- Fiscal multipliers and institutions in Peru: getting the largest bang for the sol
- The missing link? exchange rate volatility and de-dollarization in Peru
- Selected issues in international taxation
- Isbn
- 9781475582741
- Label
- Peru : selected issues
- Title
- Peru
- Title remainder
- selected issues
- Subject
-
- Economic development -- Peru -- Econometric models
- Electronic books
- Fiscal policy
- Fiscal policy -- Peru
- Foreign exchange rates
- Foreign exchange rates -- Peru
- International Monetary Fund
- International Monetary Fund -- Peru
- Peru
- Taxation
- Taxation -- Peru
- Commodity exchanges
- Commodity exchanges -- Peru
- Dollarization
- Dollarization -- Peru
- Economic development -- Econometric models
- Language
- eng
- Summary
-
- This Selected Issues paper presents a comparative analysis of the macroeconomic adjustment in Chile, Colombia, and Peru to commodity terms-of-trade shocks. The study is done in two steps: (1) an analysis of the impulse responses of key macroeconomic variables to terms-of-trade shocks and (2) an event study of the adjustment to the recent decline in commodity prices. The experiences of these countries highlight the importance of flexible exchange rates to help with the adjustment to lower commodity prices, and staying vigilant in addressing depreciation pressures on inflation through tightening monetary policies. On the fiscal front, evidence shows that greater fiscal space, like that of Chile and Peru, gives more room for accommodating terms-of-trade shocks. -- With the end of the commodity super cycle, Peru's potential growth has declined, raising questions of what government policies could do to help boost growth, including over the medium term. This chapter shows that public investment multipliers have a larger effect on growth than current spending or tax-related stimulus in the short and medium terms. Peru's low debt and financial savings grants fiscal space for increasing investment spending, which could also entice and complement private investment, provided the former is efficient, fiscally sustainable and complemented by further reforms in public investment management and changes to the decentralization framework
- High levels of dollarization may render corporations and individuals very exposed to exchange rate volatility. But, higher exchange rate volatility may reduce incentives of holding liabilities or assets in foreign currency, thus reducing overall dollarization in an economy and increasing the pass-through of monetary policy decisions to inflation and economic activity. This chapter studies the impact that higher volatility in the nominal bilateral exchange rate with respect to the U.S. dollar has on the speed of de-dollarization across a sample of 33 emerging market economies, spanning the period 1997-2015. It finds that, indeed, higher exchange rate volatility, after controlling for global and country-specific factors, speeds up de-dollarization. More exchange rate flexibility may be the last needed step to reduce dollarization in Peru to very low levels. -- International taxation issues have moved to the forefront of tax policy concerns, both in Peru and more globally, as aggressive cross-border tax planning by many multinational enterprises has given rise to significant public disquiet. The weaknesses of the international tax architecture need to be looked at carefully from the perspective of developing countries. This chapter examines some of Peru's more salient risks to base erosion and profit shifting--pricing of mining exports and intra-group debt servicing--pointing out strengths and vulnerabilities of the Peruvian tax system and recommending alternative approaches to address remaining challenges
- Cataloging source
- DJB
- http://bibfra.me/vocab/lite/collectionName
- IMF eLibrary
- Government publication
- international or intergovernmental publication
- Illustrations
- illustrations
- Index
- no index present
- LC call number
- HC59.15.I15
- LC item number
- No. 16/235 ONLINE
- Literary form
- non fiction
- Nature of contents
-
- dictionaries
- bibliography
- http://library.link/vocab/relatedWorkOrContributorName
-
- Estevão, Marcello M.
- Leal, Zulima
- Roch, Francisco
- Vtyurina, Svetlana
- Everaert, G.
- Schatan, R.
- International Monetary Fund
- International Monetary Fund
- Series statement
- IMF country report
- Series volume
- no. 16/235
- http://library.link/vocab/subjectName
-
- International Monetary Fund
- International Monetary Fund
- Commodity exchanges
- Economic development
- Fiscal policy
- Foreign exchange rates
- Dollarization
- Taxation
- Commodity exchanges
- Dollarization
- Economic development
- Fiscal policy
- Foreign exchange rates
- Taxation
- Peru
- Label
- Peru : selected issues
- Note
-
- "July 2016."
- "June 3, 2016; approved by Western Hemisphere Department; prepared by M. Estevão, Z. Leal, F. Roch, S. Vtyurina (all WHD), G. Everaert (SPR), and R. Schatan (FAD)"--Page 2 of pdf
- Bibliography note
- Includes bibliographical references
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Contents
- The adjustment to commodity price shocks in Chile, Colombia and Peru -- Fiscal multipliers and institutions in Peru: getting the largest bang for the sol -- The missing link? exchange rate volatility and de-dollarization in Peru -- Selected issues in international taxation
- Control code
- 957670035
- Extent
- 1 online resource (64 pages)
- Form of item
- online
- Isbn
- 9781475582741
- Media category
- computer
- Media MARC source
- rdamedia
- Media type code
-
- c
- Other physical details
- color illustrations
- Specific material designation
- remote
- System control number
- (OCoLC)957670035
- Label
- Peru : selected issues
- Note
-
- "July 2016."
- "June 3, 2016; approved by Western Hemisphere Department; prepared by M. Estevão, Z. Leal, F. Roch, S. Vtyurina (all WHD), G. Everaert (SPR), and R. Schatan (FAD)"--Page 2 of pdf
- Bibliography note
- Includes bibliographical references
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Contents
- The adjustment to commodity price shocks in Chile, Colombia and Peru -- Fiscal multipliers and institutions in Peru: getting the largest bang for the sol -- The missing link? exchange rate volatility and de-dollarization in Peru -- Selected issues in international taxation
- Control code
- 957670035
- Extent
- 1 online resource (64 pages)
- Form of item
- online
- Isbn
- 9781475582741
- Media category
- computer
- Media MARC source
- rdamedia
- Media type code
-
- c
- Other physical details
- color illustrations
- Specific material designation
- remote
- System control number
- (OCoLC)957670035
Subject
- Economic development -- Peru -- Econometric models
- Electronic books
- Fiscal policy
- Fiscal policy -- Peru
- Foreign exchange rates
- Foreign exchange rates -- Peru
- International Monetary Fund
- International Monetary Fund -- Peru
- Peru
- Taxation
- Taxation -- Peru
- Commodity exchanges
- Commodity exchanges -- Peru
- Dollarization
- Dollarization -- Peru
- Economic development -- Econometric models
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.sandiego.edu/portal/Peru--selected-issues/Da1MaMetPgE/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.sandiego.edu/portal/Peru--selected-issues/Da1MaMetPgE/">Peru : selected issues</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.sandiego.edu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.sandiego.edu/">University of San Diego Libraries</a></span></span></span></span></div>
