The Political Economy of Exchange Rate Policy in Colombia

37 Pages Posted: 19 Apr 2011

See all articles by Juan C. Jaramillo

Juan C. Jaramillo

affiliation not provided to SSRN

Roberto Stein

Universidad de los Andes, Colombia - Department of Economics

Natalia Salazar

Fedesarrollo

Date Written: April 1999

Abstract

This paper looks into the political economy forces that helped shape exchange rate policy in Colombia since the early 1960s. As witnessed by the remarkable longevity of the managed crawl, Colombian exchange rate policies since 1967 did not take the form of major regime changes. Policy shifts came about through variations in the rate of crawl, varying degrees of administrative restrictions on capital flows and, on occasions, ad-hoc measures to generate multiple exchange rates.

Suggested Citation

Jaramillo, Juan C. and Stein, Roberto and Salazar, Natalia, The Political Economy of Exchange Rate Policy in Colombia (April 1999). IDB Working Paper No. 102, Available at SSRN: https://ssrn.com/abstract=1814646 or http://dx.doi.org/10.2139/ssrn.1814646

Juan C. Jaramillo

affiliation not provided to SSRN

Roberto Stein

Universidad de los Andes, Colombia - Department of Economics ( email )

Carrera 1a No. 18A-10
Santafe de Bogota, AA4976
Colombia
+571 341 2240 (Phone)
+571 281 5771 (Fax)

Natalia Salazar

Fedesarrollo ( email )

Calle 78 No 9-91
Santafe de Bogota, 75074
Colombia
(571) 334-9912 (Phone)

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
62
Abstract Views
1,008
rank
385,649
PlumX Metrics