Número:
157
Publicado:
Clasificación JEL:
E31
Palabras clave:
banking crisis, Macroeconomic
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While in the early nineties Colombia grew at rates exceeding 4% and was catalogued as one of the top emerging markets, in 1999 its economy fell 4%, its exchange rate regime (a target zone) collapsed and by June of 2000 its unemployment level peaked at 20.