Vulnerabilities of the Peruvian financial system
DOI:
https://doi.org/10.21754/iecos.v15i0.1233Keywords:
stock market, asset market, shadow bankingAbstract
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.
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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.
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Copyright (c) 2014 Jorge Pozo
This work is licensed under a Creative Commons Attribution 4.0 International License.
CC BY 4.0 DEED Attribution 4.0 International