Colombian Monetary and Exchange Rate Policy Over the Past Decade

Publicado en

  • Comparative Economic Studies


  • 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.

fecha de publicación

  • 2015

Líneas de investigación

  • Colombian Economic Policy
  • Exchange Rate Policy
  • Inflation Target
  • Monetary Policy
  • Overvaluation

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