Monetary Policy and the Banks in Colombia: From Economic Federalism to Centralism (1880-1922) (In Spanish)

Management Journal Notebooks (Colombia), Vol. 22, No. 38, pp. 291-310, 2009

20 Pages Posted: 27 Jun 2010

See all articles by Juan Santiago Correa

Juan Santiago Correa

Colegio de Estudios Superiores de Administración-CESA

Date Written: June 1, 2009

Abstract

First, this article analyses the impact of the Regeneration (1880-1899) on the monetary and banking system in Colombia, since economic policy decisions referred not only to technical matters, but also formed part of the different notions of nationhood itself which each political faction defended; and this further aggravated divisions which were already to be seen between the political centre (Bogotá), and other regions of the country, and which ended up by causing the Thousand Day War (1899-1902). Second, it studies the difficult process of economic recovery and monetary reorganisation at the beginning of the 20th century. The profound economic crisis and the consequences of the war made reorganisation programmes undertaken by one or another government even more complex, until the final consolidation of the banking and finance system was achieved in 1923, in which Banco de la República was the cornerstone. In methodological terms, the text approaches monetary policy from the standpoint of economic history, and uses primary sources, the press, and an analysis of secondary bibliography.

Note: Downloadable document is in Spanish.

Keywords: Monetary policy, Regeneration, radicalism, banks, Bank of Republic

Suggested Citation

Correa, Juan Santiago, Monetary Policy and the Banks in Colombia: From Economic Federalism to Centralism (1880-1922) (In Spanish) (June 1, 2009). Management Journal Notebooks (Colombia), Vol. 22, No. 38, pp. 291-310, 2009, Available at SSRN: https://ssrn.com/abstract=1630544

Juan Santiago Correa (Contact Author)

Colegio de Estudios Superiores de Administración-CESA ( email )

Calle 35 No. 6-16
Bogota
Colombia

HOME PAGE: http://www.cesa.edu.co

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