Bibliographic citations
Izaguirre, V., (2020). Un análisis de la efectividad de las herramientas macroprudenciales aplicadas en el Perú durante el periodo 2011-2019 [Trabajo de investigación, Universidad Peruana de Ciencias Aplicadas (UPC)]. http://hdl.handle.net/10757/652220
Izaguirre, V., Un análisis de la efectividad de las herramientas macroprudenciales aplicadas en el Perú durante el periodo 2011-2019 [Trabajo de investigación]. PE: Universidad Peruana de Ciencias Aplicadas (UPC); 2020. http://hdl.handle.net/10757/652220
@misc{renati/1287548,
title = "Un análisis de la efectividad de las herramientas macroprudenciales aplicadas en el Perú durante el periodo 2011-2019",
author = "Izaguirre Giraldo, Vivian Alexia",
publisher = "Universidad Peruana de Ciencias Aplicadas (UPC)",
year = "2020"
}
The aim of this investigation is to examine the effect of macroprudential policy on the banks’ risk of insolvency in Peru. The tools included are dynamic provisions, capital requirements, and the requirements for assembling in national currency and foreign currency. The study period runs from 2011 to 2019 and the analysis is done through a dynamic panel. The results indicate that the macroprudential policy has been effective in reducing the risk of insolvency of banks, but only partially, because only capital requirements and the requirements on reserve for foreign currency have statistical significance. The non-significance of the reserve requirements in national currency may be due to the fact that they have been maintained at stable values and that they may be effective for other intermediate objectives. With regard to the dynamic provisions, they have only been active for a short period of time, which could be due to the fact that the criterion is associated with the economic cycle and not with the financial cycle. Likewise, it is found that some characteristics cause banks to be less exposed to insolvency risk, such as such as the degree of capitalization, the financing structure, the size and their level of activity.
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