Capital Flows and Financial Assets in Colombia: Recent Behavior, Consequences and Challenges for the Central Bank

Borradores de Economia
Número: 
502
Publicado: 
Clasificación JEL: 
E50, F32, F41
Palabras clave: 
Capital flows, sterilization, Exchange Rate, foreign investment in Colombia
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This paper analyzes the evolution and impact of capital flows in Colombia over the past five years. An examination of the nature and composition of the capital flows indicates that to large extent they have originated in foreign direct investment, especia