Effects of Reserve Requirements in an Inflation Targeting Regime: The Case of Colombia

Borradores de Economia
Número: 
587
DOI: 
https://doi.org/10.32468/be.587
Publicado: 
Authors:
Hernando Vargas-Herrera,
Carlos Varela,
Yanneth Rocío Betancourt-García,
Norberto Rodríguez-Niño
Clasificación JEL: 
E51, E52, E58, G21
Palabras clave: 
Reserve Requirements, Inflation Targeting, Interest rate pass-through
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The Colombian economy and financial system have coped reasonably well with the effects of the global financial crisis. Hence, "unconventional" policy measures have not been at the center of the policy decisions and discussions. Nominal short term interest