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Determinantes y Composición del Endeudamiento Público en Colombia


  • Santiago Herrera


Tradicionalmente Colombia se ha considerado como el país más estable de la región, nohabiendo experimentado las crisis de balanza de pagos ni corridas contra el peso, al menosen las proporciones registradas por sus vecinos. Por esta razón, es una economía que ha tenido acceso permanente a los mercados financieros internacionales, aunque se hayanpresentado algunas coyunturas difíciles originadas por choques externos e internos. Entrelos primeros son referencia obligada la crisis de la deuda de comienzos de los añosochenta, y más recientemente el "tequilazo" de 1994 y la crisis asiática de 1997 y 1998.

Suggested Citation

  • Santiago Herrera, 2000. "Determinantes y Composición del Endeudamiento Público en Colombia," Research Department Publications 3105, Inter-American Development Bank, Research Department.
  • Handle: RePEc:idb:wpaper:3105

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    References listed on IDEAS

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    4. Missale, Alessandro & Blanchard, Olivier Jean, 1994. "The Debt Burden and Debt Maturity," American Economic Review, American Economic Association, vol. 84(1), pages 309-319, March.
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    6. Hausman, Jerry, 2015. "Specification tests in econometrics," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 38(2), pages 112-134.
    7. Reinhart, Carmen & Calvo, Guillermo & Leiderman, Leonardo, 1993. "“Capital Inflows and Real Exchange Rate Appreciation in Latin America: The Role of External Factors," MPRA Paper 7125, University Library of Munich, Germany.
    8. Pablo Emilio Guidotti & Guillermo Calvo, 1990. "Management of the Nominal Public Debt Theory and Applications," IMF Working Papers 90/115, International Monetary Fund.
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    10. Nelson, Charles R., 1988. "Spurious trend and cycle in the state space decomposition of a time series with a unit root," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 475-488.
    11. Alberto Carrasquilla & Natalia Salazar, 1992. "Sobre la naturaleza del ajuste fiscal en Colombia," ENSAYOS SOBRE POLÍTICA ECONÓMICA, BANCO DE LA REPÚBLICA - ESPE, vol. 11(21), pages 165-190, June.
    12. Sachs, Jeffrey & Tornell, Aaron & Velasco, Andres, 1995. "The Collapse of the Mexican Peso: What Have We Learned?," Working Papers 95-22, C.V. Starr Center for Applied Economics, New York University.
    13. Fernandez-Arias, Eduardo & Montiel, Peter J, 1996. "The Surge in Capital Inflows to Developing Countries: An Analytical Overview," World Bank Economic Review, World Bank Group, vol. 10(1), pages 51-77, January.
    14. Stock, James H, 1987. "Asymptotic Properties of Least Squares Estimators of Cointegrating Vectors," Econometrica, Econometric Society, vol. 55(5), pages 1035-1056, September.
    15. Nelson, Charles R. & Plosser, Charles I., 1982. "Trends and random walks in macroeconmic time series : Some evidence and implications," Journal of Monetary Economics, Elsevier, vol. 10(2), pages 139-162.
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