Capital flows and financial assets in Colombia: recent behavior, consequences and challenges for the central bank

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Borradores de Economía; No. 502
Date published
2008-04-03
Date of last update
2008-04-03
Author
Vargas-Herrera, Hernando
Varela, Carlos
Document language
spa
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Las 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.
Abstract
This paper analyzes the evolution and impact of capital flows in Colombia over the past five years. An examination of the nature and composition of the capital flows indicates that to large extent they have originated in foreign direct investment, especia
JEL Codes
E50 - Monetary Policy, Central Banking, and the Supply of Money and Credit: GeneralF32 - Current Account Adjustment; Short-Term Capital MovementsF41 - Open Economy Macroeconomics
Keywords
Capital flows ; Sterilization ; Exchange rate ; Foreign investment in Colombia ; Financial system ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/5519
https://hdl.handle.net/20.500.12134/5519
https://doi.org/10.32468/be.502
https://ideas.repec.org/p/bdr/borrec/502.html
https://ideas.repec.org/p/col/000094/004588.html
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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit