The colombian banking crisis: macroeconomic consequences and what to expect

Arias, Andrés Felipe

The colombian banking crisis: macroeconomic consequences and what to expect

Download

Borradores de Economía; No. 157

Date published

2000-09-12

Date

2000-09-12

Authors

Arias, Andrés Felipe

Document language

spa

Metrics

downloads: 0

abstract_views: 0

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

While in the early nineties Colombia grew at rates exceeding 4% and was catalogued as one of the top emerging markets, in 1999 its economy fell 4%, its exchange rate regime (a target zone) collapsed and by June of 2000 its unemployment level peaked at 20.