Public Debt, Public Debt Markets and Monetary Policy in Colombia

Borradores de Economia
Number: 
147
Published: 
Classification JEL: 
E52, E62
Keywords: 
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy
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The purpose of this paper is to examine the main macro- and microinterrelationships
between public debt policy and monetary policy in
Colombia during 1995-1999, from the perspective of a central banker.
Emphasis will be given to the financial developments of the last two years,
a period in which Colombia´s capital markets have experienced significant
upheaval.