Borradores de Economia
Número:
70
Publicado:
Clasificación JEL:
E62, E64
Palabras clave:
Exchange, Colombia
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Daniel Herrera-Araujo, Jorge Florez-Acosta
Luis Armando Galvis-Aponte, Adriana Marcela Rivera-Zárate
Diego Fernando Cuesta-Mora, Fredy Alejandro Gamboa-Estrada, Camilo Eduardo Sánchez-Quinto
In the context of a medium term process of real appreciation, linked largely to fiscal policy and capital inflows, Colombia was hit by a political schok and had to deal with expectations of nominal devaluation. This paper discusses three issues. First, t