Vulnerabilities of the Peruvian financial system

Authors

  • Jorge Pozo Pompeu Fabra University, Barcelona, Spain

DOI:

https://doi.org/10.21754/iecos.v15i0.1233

Keywords:

stock market, asset market, shadow banking

Abstract

The purpose of this article is to present an analysis to identify the vulnerabilities of the financial system in order to reduce the probability of a financial crisis. The methodology proposed in Adrian et al. (2014) is followed. The article is organized as follows: The second section reviews the theoretical framework developed by Adrian et al. {2014), The third section presents the evaluation of some indicators that could be used to measure the vulnerabilities that could exist in the financial system. Finally, the fourth section concludes and gives some recommendations.

Downloads

Download data is not yet available.

References

Adrian, T., Covitz, D., & Liang, N. (2014). Financial stability monitoring. FRBNY Staff Reports, No. 601.

Damodaran, A. (2014). Equity risk premiums (ERP): Determinants, estimation and implications. Stern School of Business. Actualizado en marzo de 2014.

Fama, E. F., & French, K. R. (1988). Dividend yields and expected stock returns. Journal of Financial Economics, 22(3), 3-25.

Rozeff, M. S. (1984). Dividend yields are equity risk premiums. Journal of Portfolio Management, 11, 68-75.

Yamada, G., Castro, J. F., & Bacigalupo, J. L. (2012). Desigualdad monetaria en un contexto de rápido crecimiento económico: El caso reciente del Perú. Revista de Estudios Económicos BCRP, 24.

Published

2014-12-15

How to Cite

Pozo, J. (2014). Vulnerabilities of the Peruvian financial system. Revista IECOS, 15, 46–58. https://doi.org/10.21754/iecos.v15i0.1233

Issue

Section

Research Articles