Transnational Banks, and the Dynamics of Peruvian Foreign...
Uriarte, J Manuel
This book examines for the first time the detrimental effects of foreign loans on domestic prices and inflation in Peru. Based on a macroeconomic examination of Peru during 1960-1980, the author concludes that while private and official loans initially have benefitted the Peruvian economy, their long-term effect has been to reinforce inflation.