Capital Mobility and Monetary Policy in Colombia.

This paper estimates a model of financial markets in Colombia to examine: 1) the authorities' control over domestic interest rates and the money stock; and 2) the effects of the crawling peg exchange rate policy on exchange rate expectations and domestic interest rates. The authorities appeared...

पूर्ण विवरण

ग्रंथसूची विवरण
निगमित लेखक: International Monetary Fund
स्वरूप: पत्रिका
भाषा:English
प्रकाशित: Washington, D.C. : International Monetary Fund, 1988.
श्रृंखला:IMF Working Papers; Working Paper ; No. 1988/077
ऑनलाइन पहुंच:Full text available on IMF
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245 1 0 |a Capital Mobility and Monetary Policy in Colombia. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1988. 
300 |a 1 online resource (38 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper estimates a model of financial markets in Colombia to examine: 1) the authorities' control over domestic interest rates and the money stock; and 2) the effects of the crawling peg exchange rate policy on exchange rate expectations and domestic interest rates. The authorities appeared to possess some control over the money stock in the short run, mostly because of the existence of capital controls, but most of this control was eroded once asset demands adjust to their desired banks. The expected rate of depreciation is not closely linked to the crawling peg. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1988/077 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1988/077/001.1988.issue-077-en.xml  |z IMF e-Library