Renzo Jiménez-Sotelo

Renzo Jiménez-Sotelo
National University of San Marcos | UNMSM

Doctor of Philosophy

About

29
Publications
5,639
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26
Citations
Introduction
Renzo Jiménez-Sotelo has extensive exertise in financial and monetary economics, risk management, as well as in public debt and treasury. Between 1994 and 2011, he held different positions in the credit, market, and structural balance risk departments at a commercial bank, a risk agency, and a development bank. From 2011 to 2016, he served as the director of analysis and strategy at the Ministry of Economy and Finance. He has also been a professor of undergraduate and graduate courses since 2004
Additional affiliations
August 2018 - present
National University of San Marcos
Position
  • Professor
Description
  • Teach graduate courses on Risk Management and Securities Market
July 2016 - present
University of the Pacific (Peru)
Position
  • Professor
Description
  • Teach a graduate course on Sovereign Asset and Liability Management
March 2011 - August 2016
Ministerio de Economía y Finanzas
Position
  • Chief Strategy Officer
Education
April 2017 - June 2023
National University of San Marcos
Field of study
  • Economics
September 2002 - May 2003
Universidad Francisco de Vitoria
Field of study
  • Risk Management
August 1997 - July 2001

Publications

Publications (29)
Article
Full-text available
Peru has a partially dollarized economy, where 70% of the financial system's liquidity has been in dollars for almost the entire decade of the 1990. Most salaries and goods have been traded in domestic currency, but companies and people have borrowed and saved in foreign currency. This dollarization strangles the economy because any attempt at reac...
Article
Full-text available
The objective of the study is to determine if a policy of preference for the domestic public debt market influences the development of the respective financial system. Using panel data techniques, I tested the causal relationship between the domestic marketing of public debt securities and eight indicators of financial development. For this, I used...
Preprint
Full-text available
The objective of this research was to identify what key factor, in addition to insufficient investment, could help explain the persistent road infrastructure gap in Peru. The starting point was the hypothesis that the Peruvian state has acted without a forecast system and, therefore, without a development strategy. After analysing the case of a hig...
Presentation
Full-text available
Exposición en torno a los problemas que está enfrentando el Perú para plantear políticas públicas de reactivación económica y las pistas que, para formularlas, dejó el desaparecido maestro Bruno Seminario de Marzi (http://www.historiaeconomicaperu.up.edu.pe/).
Presentation
Full-text available
Exposición introductoria sobre los principales retos que enfrentará el nuevo gobierno en el Perú en materia de estabilidad fiscal y gestión del riesgo soberano. Se resume la evolución y proyección oficial de los ingresos y egresos fiscales, así como de la deuda pública y se mencionan algunas contigencias fiscales emergentes. Se esbozan algunas idea...
Presentation
Full-text available
Exposición introductoria sobre el papel de las empresas públicas en la aplicación del enfoque de gestión del riesgo aprobado por el gobierno en el Perú para el sector público. Se resumen algunos ejemplos de la forma como se relacionan los diferentes tipos de riesgo que afectan al Tesoro y los que afectan a las empresas públicas, los diversos avance...
Chapter
Full-text available
This chapter analyses the case of state-owned financial entities in Peru and argues that their development banking activities have decreased in importance as instruments of public policy since the structural reforms implemented in the early 1990s. Like all other state enterprises, they have since been subject to discriminatory legal regulation. The...
Article
Full-text available
En este documento se argumenta que muchas de las prescripciones de política económica para promover el crecimiento y lograr el desarrollo tienden a ser divergentes porque usan en el fondo diferentes sistemas de valoración moral. Esto sucede porque la economía no puede definir el bienestar sin recurrir a una ética particular. La diferente ética eleg...
Article
Full-text available
Este trabajo muestra una aplicación del planeamiento estratégico prospectivo como herramienta para mejorar la toma de decisiones a futuro dentro del estado. Para ello, se utiliza el método de escenarios y estrategia prospectiva aplicado a un ejercicio de mejora de la gestión del patrimonio financiero de la hacienda pública de una economía pequeña,...
Chapter
Full-text available
Este trabajo analiza la experiencia con las entidades financieras estatales en el Perú y arguye que sus actividades de banca de desarrollo han perdido relevancia como instrumentos de política pública desde las reformas estructurales implementadas a inicios de los 90. Como todas las otras empresas estatales, desde entonces han estado sujetas a una r...
Preprint
[In English] This paper analyzes the experience with the state financial entities in Peru and argues that their development banking activities have decreased in importance as instruments of public policy since the structural reforms implemented in the early 1990s. Like all other state enterprises, they have since been subject to discriminatory lega...
Conference Paper
Full-text available
Exposición de la investigación efectuada en torno a la necesidad de incorporar, en la formulación de política fiscal, la prospectiva como herramienta de anticipación estratégica y de toma de decisiones sobre el futuro al que se decida apostar en el Tesoro Público.
Conference Paper
Full-text available
Este trabajo evalúa el desempeño ex ante y ex post que tuvo la regulación peruana, tanto bancaria como monetaria, frente a los choques externos generados por las dos últimas crisis financieras internacionales. Sólo el primer choque externo desencadenó una crisis bancaria, pese a que el segundo choque externo fue más fuerte. En el documento se evide...
Conference Paper
Full-text available
Revisión de las diferentes reacciones que ha tenido la regulación bancaria y monetaria frente a los choques externos derivados de las dos más recientes crisis internacionales y su eventual papel en la prevención o desencadenamiento de crisis bancarias.
Conference Paper
Full-text available
Final presentation on the experience of Peru in the activities of the development banking in the last 25 years.
Presentation
Full-text available
Discusión entre las diferentes oficinas de deuda gubernamental de América Latina sobre las principales fricciones que surgen en la interacción de sus funciones con la banca central.
Presentation
Full-text available
Discusión entre los diferentes tesoreros gubernamentales de América Latina de las principales fricciones que surgen en la interacción de sus funciones con la banca central.
Working Paper
Full-text available
This paper analyzes and compares the prior and subsequent performance that the banking and monetary regulations had in Peru against external shocks caused by the international financial crises of 1997 and 2007, where only the first one triggered a banking crisis, although the stronger external shock occurred in the second one. In the document some...
Preprint
Full-text available
The hypothesis of the paper is that the macroeconomic policies implemented in Peru during the recessions of 1998-2000 and 2008-2009 were substantially different. This explains why economic performance in the second was much better than in the first. In monetary policy, both the exchange rate of the dollar as the interest rate in soles rose during t...
Article
Full-text available
En este trabajo se pone en evidencia el mecanismo amplificador que tiene la evolución del tipo de cambio sobre el ciclo crediticio en una economía con alta dolarización financiera, un mecanismo que se puede denominar «acelerador cambiario». En este contexto, la natural prociclicidad entre el ciclo económico y el ciclo crediticio pasa a un segundo p...
Article
Full-text available
The article discusses the consequences of restricting the access of non-bank financial intermediaries to the monetary and liquidity instruments of the central bank. It also exposes the effects of such differentiation on the role of the central bank as lender of last resort. Finally, the article presents the available empirical evidence prior to the...
Conference Paper
Full-text available
Exposición detallada de los problemas que enfrenta la banca de desarrollo en el Perú en el mercado interbancario ante los miembros de la Asociación Latinoamericana de Instituciones Financieras para el Desarrollo (ALIDE) y los miembros del Centro de Estudios Monetarios Latinoamericanos (CEMLA) que es la asociación de bancos centrales de América Lati...
Conference Paper
Full-text available
Exposición de las estimaciones de la sensibilidad de la morosidad bancaria, en moneda nacional y moneda extranjera, ante variaciones en el tipo de cambio ajustado por inflación y propuesta de medidas regulatorias para reducir su prociclicidad.
Article
Full-text available
Traditional risk definitions, based on supervisor’s point of view, don’t behold explicitly the existence and interaction of other important risks such as derivative credit risks from other unsecured risk by debtors of bank system in economies partially “dollarized”. One of these critical risks is derivative credit risk from exchange risk, which has...
Article
Traditional risk definitions, based on supervisor’s point of view, don’t behold explicitly the existence and interaction of other important risks such as derivative credit risks from other unsecured risk by debtors of bank system in economies partially “dollarized”. One of these critical risks is derivative credit risk from exchange risk, which has...
Article
Peru has an economy partially "dollarized" where 70% of the liquidity of the bank system has been in US dollars during the last decade. Most of the salaries and goods trading are in "soles" (Peruvian currency) but the companies and people borrow and save in US dollars. This "dollarization" strangles the economy because any currency depreciation pol...
Article
Full-text available
Peru has an economy partially "dollarized" where 70% of the liquidity of the bank system has been in US dollars during the last decade. Most of the salaries and goods trading are in "soles" (Peruvian currency) but the companies and people borrow and save in US dollars. This "dollarization" strangles the economy because any currency depreciation pol...
Working Paper
Full-text available
The paper argues that agricultural loans granted by commercial banks in Peru are not being properly structured because they have not adequately considered the additional risks faced regarding commercial loans. Therefore, in order to improve their credit practices and policies,they require: (i) to understand in detail the functioning of production a...
Article
Full-text available
El Perú es una economía parcialmente dolarizada, donde el 70% de la liquidez del sistema financiero ha estado en dólares durante casi una década. La mayor parte de los salarios y bienes transados (poder adquisitivo) están en soles (moneda nacional), pero las empresas y la gente se endeudan (y ahorran) en dólares. Esta dolarización estrangula la eco...

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