The significant expansion of the Colombian open economy during the first thirty years of the century originated on the expansion of the coffee industry, the Panama Reparation, the increase of foreign direct investment and credit obtained abroad. From 1925-1929 alone coffee revenues represented...

This paper examines Colombia`s experience with an inflation-targeting monetary policy following the abandonment of exchange rate bands in 1999, and two episodes in 2003 and 2004 that deviated from this general behavior. In these episodes, the Central Bank intervened in the forex market on a...

By examining the reaction functions of the Central Banks of Brazil, Chile, Colombia, Mexico, and Peru (LATAM-5) over the period 2002-2019, this article explores the degree to which the adoption of inflation targeting regimes allowed these economies to have greater room of manouvre in conducting...