The main purpose of this paper is to emphasize the importance of the externa1 imbalances generated by the economic program of the Fujimori government, presenting the circumstances that explain why these imbalances have been accompanied, paradoxically, by a significative increase in foreign...

There are two main positions to explain the exchange rate appreciation which occurred during President Fujimori's government. The first one state that this appreciation was caused by a restrictive monetary policy, while the second attributes it to a capital inflow originated by the fall of...

This paper discusses the dynamics of relative prices since 1985 comparing the performance during the inflationary accelerations and disinflations, both orthodox and heterodox. It is postulated that in 1988 there was a «change of regime, (is a regime of high inflation and not hyperinflation) and...

The paper analyzes empirically the process of price dollarization in Peru since 1980. This process is defmed like indexation by the exchange rate. A review of the bibliographic material relative to dollarization is previously done. Wealth dollarization is preliminary studied too. The results...