Many countries have been implementing macroprudential measures to complement traditional regulation and supervision. The latter proved insufficient to deal effectively with imbalances in markets, institutions, and financial infrastructure, which may create systemic risks and threaten financial stability, as in the recent international financial crisis. This study provides a review and analysis of macroprudential measures implemented in Peru, which were mainly focused on preventing excessive credit growth, reducing the destabilizing impact of large capital flows, and limiting the currency risk faced by economic agents in a dollarized economy such as Peru.