The Political Economy of Exchange Rate Policy in Colombia
Juan C. Jaramillo,
Roberto Steiner and
Natalia Salazar ()
No 3064, Research Department Publications from Inter-American Development Bank, Research Department
Abstract:
This paper looks into the political economy forces that helped shape exchange rate policy in Colombia since the early 1960s. As witnessed by the remarkable longevity of the managed crawl, Colombian exchange rate policies since 1967 did not take the form of major regime changes. Policy shifts came about through variations in the rate of crawl, varying degrees of administrative restrictions on capital flows and, on occasions, ad-hoc measures to generate multiple exchange rates.
Date: 1999-04
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Related works:
Working Paper: The political economy of exchange rate policy in Colombia (1999) 
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