Barajas, Adolfo; Steiner, Roberto; Salazar, Natalia - In: Journal of development economics 63 (2000) 1, pp. 157-196
This study analyzes financial liberalization measures undertaken in 1990 in Colombia, of which an opening to foreign investment was a major component. After a brief description of the major changes in legislation on foreign investment, the authors compare the performance of foreign-owned versus...