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Market Reforms and the Limitations of Monetary Policy: The Case of Colombia


  • Frank R. Gunter
  • Carolyn Fabian Stumph


In the early 1990s, Colombia moved rapidly to reform its economy including a dramatic opening to foreing trade and capital. This study shows that as a result of this opening, the Colombian economy has become much more economically integrated with that of the rest of Latin America, especially Venezuela and Ecuador.

Suggested Citation

  • Frank R. Gunter & Carolyn Fabian Stumph, 2000. "Market Reforms and the Limitations of Monetary Policy: The Case of Colombia," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 18(38), pages 45-69, June.
  • Handle: RePEc:bdr:ensayo:v:18:y:2000:i:38:p:54-69

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