DO FOREIGN CURRENCY DEPOSITS DID THEY IMPROVE WELFARE? THE PERUVIAN CASE 1970-1985

Authors

  • Carlos A. Janada

    DOI:

    https://doi.org/10.22456/2176-5456.10533

    Keywords:

    Foreign currency deposits. Welfare. Peru.

    Abstract

    The Authorization of foreign currency deposits is interpreted here as a technological innovation reducing the demand for domestic money and improving welfare. The reduction of the inflation tax base leads to an increase of the inflation rate and of the associated excess-burden. The final impact on Welfare is therefore ambiguous. An empirical estimation of the model for the Peruvian experience between 1970 and 1985 indicates that welfare actually improved when the government authorized foreign currency accounts.

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    Published

    2009-10-05

    How to Cite

    Janada, C. A. (2009). DO FOREIGN CURRENCY DEPOSITS DID THEY IMPROVE WELFARE? THE PERUVIAN CASE 1970-1985. Análise Econômica, 15(27). https://doi.org/10.22456/2176-5456.10533

    Issue

    Vol. 15 No. 27 (1997): março de 1997

    Section

    Artigos

    License

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