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dc.contributor.authorAlesina, Alberto
dc.contributor.authorCarrasquilla, Alberto
dc.contributor.authorSteiner, Roberto
dc.date.accessioned2015-12-18T23:52:28Z
dc.date.accessioned2016-01-21T02:26:12Z
dc.date.accessioned2017-04-17T20:27:42Z
dc.date.accessioned2017-06-17T16:58:15Z
dc.date.available2015-12-18T23:52:28Z
dc.date.available2016-01-21T02:26:12Z
dc.date.available2017-04-17T20:27:42Z
dc.date.available2017-06-17T16:58:15Z
dc.date.issued2000-08
dc.identifier.urihttp://hdl.handle.net/11445/826
dc.description"In the last decade the issue of the optimal degree of central bank independence has been at the center of attention of academics and policymakers in many countries. The direction of institutional reform has almost universally been toward making central banks more independent from political pressure. The motivation of this move is linked to an increased emphasis on price stability as the main or only goal of monetary policy after two decades of exceptionally high inflation rates. Colombia has made an effort in reforming a complex set of monetary institutions, which for over two decades delivered a persistent, moderate rate of inflation. The central bank reform -along with the elimination of many indexation practices, the liberalization of financial activity and the reduction of trade and capital account barriers- delivered substantial progress. This paper argues that a reduced set of "second generation" reforms aimed at correcting limitations that were maintained may further deepen these accomplishm"
dc.description.abstract"In the last decade the issue of the optimal degree of central bank independence has been at the center of attention of academics and policymakers in many countries. The direction of institutional reform has almost universally been toward making central banks more independent from political pressure. The motivation of this move is linked to an increased emphasis on price stability as the main or only goal of monetary policy after two decades of exceptionally high inflation rates. Colombia has made an effort in reforming a complex set of monetary institutions, which for over two decades delivered a persistent, moderate rate of inflation. The central bank reform -along with the elimination of many indexation practices, the liberalization of financial activity and the reduction of trade and capital account barriers- delivered substantial progress. This paper argues that a reduced set of ""second generation"" reforms aimed at correcting limitations that were maintained may further deepen these accomplishm"
dc.relation.ispartofseriesDocumentos de Trabajo (Working Papers). No. 13. Agosto 2000
dc.subjectPolítica Monetaria
dc.subjectBancos Centrales
dc.titleThe Central Bank in Colombia
dc.description.jelE50
dc.description.jelE51
dc.description.jelE52
dc.description.jelE58


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