Efectos del crédito directo al sector privado y del tipo de cambio sobre las reservas internacionales netas en Perú 2011-2022

• Autores: Caipo Vasquez, Mayra Fiorela, Peña Paredes, Moises
• Formato: tesis de grado
• Fecha de Publicación: 2024
• Institución: Universidad Nacional De La Amazonía Peruana
• Repositorio: UNAPIquitos-Institucional
• Lenguaje: español
• OAI Identifier: oai:repositorio.unapiquitos.edu.pe:20.500.12737/10345
• Enlace del recurso: https://hdl.handle.net/20.500.12737/10345
• Nivel de acceso: acceso abierto
• Materia: Reservas monetarias; Tipo de cambio; Crédito; https://purl.org/pe-repo/ocde/ford#5.02.01

Net international reserves play an essential role in the financial security of Peru and any country, supporting its ability to meet international obligations and maintain the stability of its currency. These reserves generate confidence among investors, allow flexible monetary policies and become a crucial resource in times of economic crisis. Therefore, this thesis aims to estimate the impact of direct credit to the private sector and the exchange rate on the RIN stock of Peru during the period from January 2011 to December 2022. To achieve these objectives, a quantitative approach with a causal and non[1]experimental research design, using longitudinal data. After identifying the optimal econometric model, which involves 141 monthly observations of the study population and applying the OLS method for time series with three lag periods in both explanatory variables, it was determined that an increase of S/ 1 million in the direct credit provided by the formal financial system to the private sector resulted in an increase of US$ 127 thousand in the stock of net international reserves three months later. It was also observed that an increase of S/ 0.01 in the interbank exchange rate produced a reduction in the net international reserves stock of US$ 165 thousand three months later.