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

Vargas-Herrera, Hernando; Varela, Carlos

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

2008-04-03

Authors

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.

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

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