US monetary tightening could have ‘long-lasting impact' in Peru, says IMF paper
Investment slowdown in China would also impact economy
Peru's economy is vulnerable to both a Chinese investment slowdown and US monetary policy tightening, according to an International Monetary Fund (IMF) working paper, which adds that these risks could be mitigated by a more flexible exchange rate and a lower degree of dollarisation.
In Measuring external risks for Peru: insights from a macroeconomic model for a small open and partially dollarised economy, Fei Han quantifies the effects of external risks for Peru by developing a macroeconomic
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