The Heterogeneity of Credit Dollarization at the Household Level

This document studies the heterogeneity of credit dollarization at the individual level in Peru. The dollarization of credits is characterized using a unique database that results from the merge between the Consolidated Credit Registry (RCC) and the National Household Survey (ENAHO), this new database allows to identify the amount and observable characteristics of each credit and each person who accesses it. It is found that dollarization is heterogeneous according to the characteristics of people, being higher among people of high income, older and more educated. At the regional level, Lima has the highest dollarization ratios. By employment type, formal workers' credits are the most dollarized. (Audio: Department of Economic Publications)