En los últimos diez años, las autoridades de política en distintos países emergentes han optado por limitar las fluctuaciones del valor de sus monedas respecto al dólar americano. En este documento se utiliza una relación de paridad de tasas de interés para identificar las fuentes potenciales de presiones alcistas en el valor del tipo de cambio y para explicar las opciones de política orientadas a contener dichas presiones.

New market access was not a principal Peruvian goal in the United States-Peru Trade Promotion Agreement; rather, the agreement was intended to encourage investment by locking in Peru's economic reforms.

Alberto Fujimori accomplished much, but tarnished his legacy by serving himself.

Today, midway through his term, President Alejandro Toledo of Peru presides over a mess of troubles.

The news from Peru has not been good of late--a breakdown of the government's coalition, strikes and labor disorders, even a possible revival of the Sendero Luminoso guerrilla movement.

In the wake of this week's progress on advancing the U.S.-Colombia free trade agreement, most of the U.S. criticism, naturally, argues that the agreement is not in the U.S. interest.

What Peru needs above all is a president committed to the building of institutions, not just the resolution of everyday problems.

In spite of the outcry in liberal and human rights circles in the United States, it is unlikely that Berenson will serve anything like a life sentence.