An exchange rate band in times of turbulence: Colombia 1991-96

Citation data:

Borradores de Economía; No. 70

Publication Year:
1997
Repository URL:
http://repositorio.banrep.gov.co/handle/20.500.12134/5087
RePec URLs:
https://ideas.repec.org/p/bdr/borrec/070.html; https://ideas.repec.org/p/col/000094/001976.html
Author(s):
Carrasquilla-Barrera, Alberto
Publisher(s):
Banco de la República
Tags:
E64 - Incomes Policy; Price Policy; E62 - Fiscal Policy; Exchange; Colombia; Bandas cambiarias -- Colombia -- 1991-1996; Cambio exterior -- Colombia -- 1991-1996; E64 - Política de rentas; Política de precios; E62 - Política fiscal
paper description
In the context of a medium term process of real appreciation, linked largely to fiscal policy and capital inflows, Colombia was hit by a political schok and had to deal with expectations of nominal devaluation. This paper discusses three issues. First, t