Does coca matter? “Narcodollars” and the real Exchange rate

Authors

  • María Amparo Cruz-Saco UP
  • Julio Revilla
  • Bruno Seminario UP

DOI:

https://doi.org/10.21678/apuntes.35.403

Keywords:

Peru, exchange rate, coca

Abstract

This article examines the hypothesis that the real exchange rate's appreciation in Peru and the export revenues related to the production of coca were strongly associated between 1985- 1990. This theory is based on the supposition that the influence of "narcodollars” caused dollar supply in the free exchange market to skyrocket and forced down the equilibrium price. However, the results of these estimations do not provide enough evidence to support this hypothesis.

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Published

1994-11-13

Issue

Apuntes 35

Section

Articles

License

Apuntes publishes all its articles and reviews under a Creative Commons Attribution (CC BY 4.0) license with the objective of promoting academic exchange worldwide. Therefore, articles and book reviews can be distributed, edited, amended, etc., as the author sees fit. The only condition is that the name of the author(s) and Apuntes. Revista de Ciencias Sociales (as the publisher) be cited.

How to Cite

Cruz-Saco, M. A., Revilla, J., & Seminario, B. (1994). Does coca matter? “Narcodollars” and the real Exchange rate. Apuntes. Social Sciences Journal, 35, 53-75. https://doi.org/10.21678/apuntes.35.403