The Economist magazine did a study based on four factors to determine the least vulnerable countries in Latin America, including Peru tops the list.

Peru is considered less vulnerable economy of the region before any sharp in capital inflows from abroad, along with Chile and Mexico, according to a report published in the magazine The Economist.

The four factors taken into consideration in defining the vulnerability index among the 26 emerging markets were the level of short-term external debt and external debt payments relative to international reserves, the pace of credit growth, the account to the balance of payments and financial openness.

Should be noted that the pace of loan growth has moderated and turn the Central Reserve Bank of Peru has taken steps to encourage external bank financing long term, which is more stable despite volatile joints.