Peru: Stable despite everything
DOI:
https://doi.org/10.26439/ddee2025.n007.6885Keywords:
Peru, development, stability, dirty float, central bank independenceAbstract
This research article seeks to answer a crucial question in collective mindset: Why does the Peruvian economy maintain steady growth and not experience a significant downturn despite the ongoing social and political crises the country faces? The reasons outlined in this article are five fundamental pillars of the country’s stability: the independence of key institutions, the “dirty float” exchange rate regime, sound fiscal policy frameworks that ensure current accounts, the constant inflow of foreign exchange through the primary-export model, and finally, advances in diversification that reduce dependence on a single industry. Criticisms, proposals for improvement, and questions that may lead to future research are also addressed in this study.
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