Boom and Bust in Colombia 1990–2013

Guillermo Maya and Daniel Restrepo Soto

Chapter 5 in Latin America after the Financial Crisis, 2016, pp 87-115 from Palgrave Macmillan

Abstract: Abstract Following the “lost decade,” the 1990s in Latin America (LA) begin with the political will of its elites to impose a neoliberal model based on the reforms of the Washington Consensus. These measures enhanced free markets for goods, services, and capital and aimed to reduce the size of the government and its influence by privatizing public assets of state-owned enterprises and balancing their macro-economic accounts. At the same time, the institutionalization of independent central banks and other modalities, such as currency boards, to keep inflation under control, like in Argentina, was adopted all over the region.

Keywords: Exchange Rate; Foreign Direct Investment; Monetary Policy; Central Bank; Real Exchange Rate (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pslchp:978-1-137-48662-2_5

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DOI: 10.1057/9781137486622_5

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