Market reforms and the limitations of monetary policy : the case of Colombia

Gunter, Frank Rock; Stumph-Carolyn, Fabian

Market reforms and the limitations of monetary policy : the case of Colombia

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Revista Ensayos Sobre Política Económica; Vol. 18. No. 38. Diciembre, 2000. Pág.: 54-69.

Date published

2000-12-01

Date

2000-12

Authors

Gunter, Frank Rock
Stumph-Carolyn, Fabian

ISSN

0120-4483

Document language

eng

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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.

The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.

Abstract

In the early 1990s, Colombia moved rapidly to reform its economy including a dramatic opening to foreing trade and capital. This study shows that as a result of this opening, the Colombian economy has become much more economically integrated with that of the rest of Latin America, especially Venezuela and Ecuador.