¿Es relevante la coca? “Narcodólares” y el tipo de cambio real

Translated title of the contribution: Does coca matter? “narcodollars” and the real exchange rate

María Amparo Cruz Saco Oyague, Julio Revilla, Luis Bruno Seminario De Marzi

Research output: Contribution to journalArticle in a journalpeer-review


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.
Translated title of the contributionDoes coca matter? “narcodollars” and the real exchange rate
Original languageSpanish
Pages (from-to)53-75
Issue number35
StatePublished - Jul 1994


  • Coca
  • Perú
  • Tipo de cambio


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