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This book analyzes the political economy of exchange rate policy in Latin America. It brings together the work of economists and political scientists interested in the interaction of economic and political factors in the development of exchange rate policy.
Persistent link: https://www.econbiz.de/10010895490
Como parte de un ambicioso programa de reformas iniciado con la reducción unilateral de aranceles en 1989, durante lo corrido de los noventa en Colombia se adoptaron medidas tendientes a redefinir la estructura y funcionamiento del sistema financiero. Así, se facilitó la entrada de nuevos...
Persistent link: https://www.econbiz.de/10010944509
This book analyzes the political economy of exchange rate policy in Latin America. It brings together the work of economists and political scientists interested in the interaction of economic and political factors in the development of exchange rate policy.
Persistent link: https://www.econbiz.de/10010943577
El presente documento analiza el comportamiento reciente de los precios de la vivienda en Colombia y busca dar luces sobre si hay un desalineamiento de estos frente a los fundamentales que los determinan. Para ello se utilizaron dos aproximaciones. La primera utiliza un modelo VAR estructural...
Persistent link: https://www.econbiz.de/10011152851
This paper examines the determinants of the high intermediation spread observed in the Colombian banking sector for over two decades. A reduced-form equation is estimated on the basis of a bank profit maximization model that permits a decomposition into operational costs, financial taxation,...
Persistent link: https://www.econbiz.de/10005769011
This study analyzes foreign investment in Colombia’s financial system, chronicling major changes in legislation, describing how investment flows evolved over time, and comparing performance of foreign–owned versus domestic banks. Panel data estimations reveal that financial liberalization in...
Persistent link: https://www.econbiz.de/10005599295
Persistent link: https://www.econbiz.de/10005280834
En este documento se busca identificar cuál ha sido la postura de la política fiscal a lo largo del ciclo económico y qué tanto explica éste último los resultados fiscales, especialmente en el último período (1999-2002). En particular, nos interesa conocer, abstracción hecha de los...
Persistent link: https://www.econbiz.de/10005196720
Since the 1960s Colombia has exhibited notorius economic stability and institutional continuity. Until rencently, the political system was based on an entreched bipartisan coalition, with little ideological confrontation. Power sharing, which was mandatory during the National Front (NF,...
Persistent link: https://www.econbiz.de/10009404526
El objetivo de este trabajo consiste en generalizar el modelo tradicional de financiamiento del déficit del gobierno a través de la creación de dinero por parte del Banco Central, incluyendo los posibles efectos que tendrían sobre la tasa de inflación óptima la sustitución de monedas y la...
Persistent link: https://www.econbiz.de/10008673543