Colombian Monetary and Exchange Rate Policy Over the Past Decade
This paper analyzes the performance of Colombia’s monetary and exchange rate policies over the past decade. It concludes that compared with other medium and large-sized Latin American economies using inflation targeting-cum-managed floating, Colombia has been the most effective in meeting its inflat...
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ftrepec:oai:RePEc:pal:compes:v:57:y:2015:i:3:p:454-482 2024-04-14T08:15:40+00:00 Colombian Monetary and Exchange Rate Policy Over the Past Decade José Antonio Ocampo Jonathan Malagón http://www.palgrave-journals.com/ces/journal/v57/n3/pdf/ces201511a.pdf http://www.palgrave-journals.com/ces/journal/v57/n3/full/ces201511a.html unknown http://www.palgrave-journals.com/ces/journal/v57/n3/pdf/ces201511a.pdf http://www.palgrave-journals.com/ces/journal/v57/n3/full/ces201511a.html article ftrepec 2024-03-19T10:25:48Z This paper analyzes the performance of Colombia’s monetary and exchange rate policies over the past decade. It concludes that compared with other medium and large-sized Latin American economies using inflation targeting-cum-managed floating, Colombia has been the most effective in meeting its inflation target. The Colombian central bank has also shown an earlier and greater determination than its partners in pursuing a counter-cyclical monetary policy. But it clearly failed in the objective of avoiding exchange rate overvaluation, particularly in the aftermath of the North-Atlantic financial crisis. This has generated effects on the structure of domestic production and exports that have long-term implications. Article in Journal/Newspaper North Atlantic RePEc (Research Papers in Economics) |
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Open Polar |
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RePEc (Research Papers in Economics) |
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description |
This paper analyzes the performance of Colombia’s monetary and exchange rate policies over the past decade. It concludes that compared with other medium and large-sized Latin American economies using inflation targeting-cum-managed floating, Colombia has been the most effective in meeting its inflation target. The Colombian central bank has also shown an earlier and greater determination than its partners in pursuing a counter-cyclical monetary policy. But it clearly failed in the objective of avoiding exchange rate overvaluation, particularly in the aftermath of the North-Atlantic financial crisis. This has generated effects on the structure of domestic production and exports that have long-term implications. |
format |
Article in Journal/Newspaper |
author |
José Antonio Ocampo Jonathan Malagón |
spellingShingle |
José Antonio Ocampo Jonathan Malagón Colombian Monetary and Exchange Rate Policy Over the Past Decade |
author_facet |
José Antonio Ocampo Jonathan Malagón |
author_sort |
José Antonio Ocampo |
title |
Colombian Monetary and Exchange Rate Policy Over the Past Decade |
title_short |
Colombian Monetary and Exchange Rate Policy Over the Past Decade |
title_full |
Colombian Monetary and Exchange Rate Policy Over the Past Decade |
title_fullStr |
Colombian Monetary and Exchange Rate Policy Over the Past Decade |
title_full_unstemmed |
Colombian Monetary and Exchange Rate Policy Over the Past Decade |
title_sort |
colombian monetary and exchange rate policy over the past decade |
url |
http://www.palgrave-journals.com/ces/journal/v57/n3/pdf/ces201511a.pdf http://www.palgrave-journals.com/ces/journal/v57/n3/full/ces201511a.html |
genre |
North Atlantic |
genre_facet |
North Atlantic |
op_relation |
http://www.palgrave-journals.com/ces/journal/v57/n3/pdf/ces201511a.pdf http://www.palgrave-journals.com/ces/journal/v57/n3/full/ces201511a.html |
_version_ |
1796314079390859264 |