Publications

Academic publications

Financial economics and monetary economics

"Frequent Lenders and the Credit Market of Lima. An analysis of notarized loans". Journal of Iberian and Latin American Economic History (Cambridge University Press, forthcoming).

"Free banking in Peru". In Dowd Kevin (ed.), The Experience of Free Banking, pp. 235-255 (London: Institute of Economic Affairs, 2023).

"Oro, papel moneda y liquidez. Del patrón oro al cheque circular, 1901-21". In Vega, Marco & Zegarra, Luis (eds.), Historia del Banco Central y la política monetaria de Perú, Vol. I: 13-50 (BCRP: 2023).

"Dinero, déficits fiscales y precios durante la Segunda Guerra Mundial". In Vega, Marco & Zegarra, Luis (eds.), Historia del Banco Central y la política monetaria de Perú, Vol. I: 121-158 (BCRP: 2023).

"Borrower Income and Loan Rates in the Credit Market of Lima", Economic History of Developing Regions 37(2): 147-169 (Taylor & Francis, 2022).

"Wars, Public Finances and Interest Rates for Rural Lending. Evidence from 19th-century Lima", Agricultural Finance Review 80(2): 153-172 (Emerald, 2020).

"Information Asymmetries and Agricultural Credit. Evidence from the Pre-Banking Era in Lima, 1825-65", Agricultural Finance Review 79(2): 217-233 (Emerald, 2019).

"Were Early Banks Important for Economic Growth? Evidence from Latin America", Economic History of Developing Regions 33(3): 225-258 (Taylor & Francis, 2018).

“Political Instability, Institutions and Mortgage Credit in Lima, Peru”, Latin America in Economic History 25(1): 165-195 (Mexico: Instituto Mora, 2018).

“Usury Laws and Private Credit in Lima, Peru. Evidence from notarized loans”, Explorations in Economic History 65(3): 68-93 (Elsevier, 2017).

“Private Lenders, Banks and Mortgage Credit in Peru. Evidence from notarized loans”, Journal of Iberian and Latin American Economic History 35(1): 105-146 (Cambridge University Press, 2017).

“Political Instability and Non-Price Loan Terms in Lima, Peru. Evidence from notarized loans”, European Review of Economic History 20(4): 478-525, (Oxford University Press, 2016).

“Mortgage Banks and Exporting Agriculture in Peru, 1840-80”, Historia Agraria 65: 121-47 (Murcia, Spain: Universidad de Murcia, 2015).

“Bank Laws, Economic Growth and Early Banking in Latin America: 1840-1920”, Explorations in Economic History 53(3): 101-119 (Elsevier, 2014).

“Women and Credit in Peru during the Guano Era. Was There Gender Discrimination in the Mortgage Credit Market of Peru?”, Journal of Iberian and Latin American Economic History 32(1): 151-185 (Cambridge University Press, 2014).

“Free Banking and Bank Entry in Latin America”, Investigaciones en Historia Económica 9(3): 131-142 (Elsevier, Asociación Española de Historia Económica, 2013).

“Free Banking and Banking Stability in Peru”, The Quarterly Journal of Austrian Economics 16(2): 187-226 (The Mises Institute, 2013).

"Predictability of Competing Measures of Core Inflation: An Application for Peru", Revista de Análisis Económico 14(2): 3-21, jointly with Eduardo Morón (Santiago de Chile: ILADES/Georgetown University, 1999).

Living standards and inequality

Living standards on the new frontier. An estimation of welfare ratios in San Francisco, European Review of Economic History (Oxford University Press, forthcoming)

"Women and Guilds in a Growing Economy: The Case of Lima, Peru". Social Science History 49(3): 721-749 (Cambridge University Press, 2025).

"Economic Bonanza and Wealth Inequality. Evidence from tax records for Lima, Peru". Research in Economic History 38: 53-75 (Emerald, 2025).

"Wages, prices and living standards in a growing economy. The case of Boston, Massachusetts". Industrial History Review 34 (94): 11-61 (University of Barcelona, 2025).

"Wages, prices and living standards in Spain in the modern era". Journal of Iberian and Latin American Economic Hstory 42(2): 243-268 (Cambridge University Press, 2024)

"Wages, prices and living standards in Spanish America. Evidence from Lima". Cliometrica 18(3): 837–867 (Springer, 2024)

"Profits and Inequality During an Export Boom. Evidence from tax records in Lima, Peru". Economic History of Developing Regions 39(2): 169-195 (Taylor & Francis, 2023).

"Welfare ratios in Europe. New estimates using a linear programming model". European Review of Economic History 26(1): 38-61 (Oxford University Press, 2022).

"Economic Growth, Nutrition and Living standards in 19th century Lima. New estimates of welfare ratios using a linear programming model". Latin American in Economic History-América Latina en la Historia Económica 28(3): 1-32 (Mexico: Instituto Mora, 2021).

"Living Costs and Real Wages in Nineteenth century Lima: Levels and international comparisons", Australian Economic History Review 60(2): 186-219 (Wiley, 2020).

“Línea de pobreza y salarios, 1913-25. Una primera aproximación”, Economía 34(67): 39-56 (PUCP, 2011).

Transportation economics

"The Southern Railway, Transportation Costs and the Economy of Southern Peru", Revista Complutense de Historia de América 46: 155-175 (Universidad Complutense de Madrid, 2020).

“Perú”, in Sandra Kuntz-Ficker (ed.), La Expansión Ferroviaria en América Latina, pp. 168-203 (Mexico: El Colegio de México, 2015).

“Transportation Costs and the Social Savings of Railroads in Latin America. The Case of Peru”, Journal of Iberian and Latin American Economic History 31(1): 41-72 (Cambridge University Press, 2013).

“Transport Costs and Economic Growth in a Backward Economy: The Case of Peru, 1820-1920”, Journal of Iberian and Latin American Economic History 29(3): 361-392 (Cambridge University Press, 2011).

“Railroads in Peru: How important were they?”, Desarrollo y Sociedad 68: 213-259 (Bogota: Universidad de los Andes, 2011).

International economics and trade

"Reconstruction of Export Series for Peru before the Great Depression", Journal of Iberian and Latin American Economic History 36(3): 393-421 (Cambridge University Press, 2018).

"Exports and Their Impact on the Economy. The Case of Peru, 1830–1930", in Sandra Kuntz-Ficker (ed.), The First Export Era Revisited, Reassessing its Contribution to Latin American Economies, Palgrave Studies in Economic History, pp. 277-312 (Springer Link, 2017).

“Perú: 1920-1980. Contexto Internacional, Políticas Públicas y Crecimiento Económico”, Carlos Contreras (ed.), Compendio de Historia Económica, Vol. 5, pp. 19-104 (Lima: BCRP, 2014).

“La Economía Peruana Durante y Después de la Primera Guerra Mundial", Fabián Novak & Jorge Ortiz (eds.), El Perú y la Primera Guerra Mundial, pp. 101-130 (Lima: PUCP, 2014).

Others

“Measuring Regional Competitiveness through Data Envelopment Analysis: A Peruvian Case”, Expert Systems with Applications 41: 5371-5381 (Elsevier, 2014). Jointly with Charles Vincent.

“Benchmarking Peruvian Banks using Data Envelopment Analysis”, Centrum Cathedra 4(2): 147-164, jointly with Charles Vincent, Mukesh Kumar and Beatrice Avolio (Lima: CENTRUM Católica, 2011).

La Economía de la Corrupción. Hacia una comprensión de las causas de la corrupción y las estrtategias para combatirla (Lima: Universidad del Pacífico, 2002).

“¿Por qué la concentración de poder promueve la inestabilidad política y económica? Perú: 1948-56", Apuntes 48(1): 171-202 (Lima: Universidad del Pacífico, 2002).

“Acción Colectiva, Regímenes Políticos y Crecimiento Económico. Una discusión teórica”, Apuntes 46(1): 5-28 (Lima: Universidad del Pacífico, 2001).

“Regímenes Políticos y Crecimiento Económico en Perú, 1978-98”, Instituciones y Desarrollo 4: 125-162 (Barcelona, Spain: PNUD/IIG, 1999).

Causas y Consecuencias Económicas de la Corrupción. Un análisis teórico y empírico (Lima, Universidad del Pacífico, 1999).

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