, inflation, and the real exchange rate in a developing country is developed. The model is then tested using data for Colombia. A … number of experts have argued that the fluctuations of Colombia's real exchange rate have been mainly determined by world … indicate that in Colombia, the real appreciation resulting from coffee price increases has been accommodated, partially by …

, inflation, and the real exchange rate in a developing country is developed. The model is then tested using data for Colombia. A … number of experts have argued that the fluctuations of Colombia's real exchange rate have been mainly determined by world … indicate that in Colombia, the real appreciation resulting from coffee price increases has been accommodated, partially by …

Between 1989 and 1993 a structural reform program was introduced in Colombia. If the reform package paled in comparison … to those of other countries, it was remarkable given Colombia?s long-standing record of moving very cautiously in the … usually refers to short-term sacrifices in exchange for long-term sustainable benefits, Colombia?s actual experience was …