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Monetary Reform, 1923–30: A Prelude to Colombia's Economic Development

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  • Dalgaard, Bruce R.

Abstract

Two financial missions to Colombia headed by Edwin W. Kemmerer are examined to determine their impact on Colombia's financial system and on the flow of American investment to Colombia. The 1923 and 1930 missions established a central bank and completely reorganized the Colombian financial and fiscal system. These reforms served to provide enough stability to encourage American investment, which helped to develop a financial and economic infrastructure in Colombia.

Suggested Citation

  • Dalgaard, Bruce R., 1980. "Monetary Reform, 1923–30: A Prelude to Colombia's Economic Development," The Journal of Economic History, Cambridge University Press, vol. 40(1), pages 98-104, March.
    • Handle: RePEc:cup:jechis:v:40:y:1980:i:01:p:98-104_10
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