Real Macroeconomic Stability and the Capital Account in Chile and Colombia

Borradores de Economia
Número: 
294
Publicado: 
Clasificación JEL: 
E52
Palabras clave: 
Macroeconomic Stability

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Andrés Nicolás Herrera-Rojas, David Camilo López-Valenzuela, Juan José Ospina-Tejeiro, Jesús Antonio Bejarano-Rojas
Jaime Alfredo Bonet-Moron, Yuri Carolina Reina-Aranza, Adriana Ortega, Ana Rosa Polanco

In 1995, when contagion from the tequila crisis was spreading in Latin America, both Chile and Colombia were exempt from contagion and presented high rates of economic growth. Several analysts attribute this positive performance to the fact that both had