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dc.creatorGómez-Pineda, Javier G.
dc.description.abstractCapital inflows and outflows often remind policymakers of the monetary policy "trilemma" and the several associated dilemmas. To tackle these dilemmas, an equilibrium model of capital flows is proposed. The model captures bouts of capital inflows and outf
dc.publisherBanco de la República
dc.relation.ispartofDocumentos de Trabajo
dc.relation.ispartofseriesBorradores de Economía
dc.relation.isversionofBorradores de Economía; No. 395
dc.rights.accessRightsOpen Access
dc.titleCapital flows and monetary policy
dc.typeWorking Paper
dc.subject.jelF41 - Open Economy Macroeconomics
dc.subject.jelG15 - International Financial Markets
dc.subject.jelH62 - Deficit; Surplus
dc.subject.jelF32 - Current Account Adjustment; Short-Term Capital Movements
dc.subject.jelH63 - Debt; Debt Management; Sovereign Debt
dc.subject.keywordSudden stops
dc.subject.keywordCredit booms
dc.subject.keywordCountry risk
dc.subject.keywordFear of floating
dc.subject.keywordDebt sustainability
dc.subject.lembBancos centrales
dc.subject.lembRiesgo país
dc.subject.lembCambio exterior
dc.subject.lembPolítica monetaria
dc.subject.lembMovimiento de capitales
dc.type.spaDocumentos de trabajo
dc.rights.spaAcceso abierto
dc.rights.ccAtribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0
dc.subject.jelspaF41 - Macroeconomía de la economía abierta
dc.subject.jelspaF32 - Ajustes de la balanza por cuenta corriente; Movimientos de capital a corto plazo
dc.subject.jelspaG15 - Mercados financieros internacionales
dc.subject.jelspaH62 - Déficit; Superávit
dc.subject.jelspaH63 - Deuda; Gestión de la deuda; deuda pública
dc.type.hasversionPublished Version
dc.rights.disclaimerLas opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.

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