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El rol del Banco de la Rep√∫blica en la crisis de 1999

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  • David Perez-Reyna

Abstract

En 1999 Colombia sufrió la peor crisis económica desde que se tienen series de crecimiento. El detonante principal fue una reversión en los flujos de capital, pero la crisis fue agravada por desbalances macroeconómicos y fricciones financieras. En un principio el Banco de la República defendió la banda cambiaria. Al avanzar la crisis, empezó a proveer liquidez a la economía por medio de menores encajes cambiarios y una disminución en el corredor de la tasa interbancaria. Finalmente eliminó la banda cambiaria. A pesar de los costos, a raíz de la crisis el Banco de la República hoy en día está más preparado para afrontar situaciones adversas en la economía.

Suggested Citation

  • David Perez-Reyna, 2016. "El rol del Banco de la Rep√∫blica en la crisis de 1999," Documentos CEDE 14574, Universidad de los Andes, Facultad de Economía, CEDE.
    • Handle: RePEc:col:000089:014574
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    File URL: https://repositorio.uniandes.edu.co/bitstream/handle/1992/8645/dcede2016-14.pdf
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    References listed on IDEAS

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    Keywords

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    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • N26 - Economic History - - Financial Markets and Institutions - - - Latin America; Caribbean

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