Monetary policy and the development of the secondary market for certificates of deposit of the Central Reserve Bank of Peru (1995–1996)

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December 1997

Language: Spanish

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Monetary policy and the development of the secondary market for certificates of deposit of the Central Reserve Bank of Peru (1995–1996)

Abstract

It presents monetary management in Peru from 1991 to 1996, the evolution and characteristics of the secondary market for BCRP certificates of deposit, the central bank’s intervention scheme in the secondary market for BCRP CDs, and monetary policy recommendations for its future development.