Exchange rate bands and shifts in the stabilization policy regime : issues suggested by the experience of Colombia /

Exchange rate bands and shifts in the stabilization policy regime : issues suggested by the experience of Colombia /

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Bibliographic Details
Author / Creator:	Carrasquilla, Alberto, author.
Imprint:	[Washington, D.C.] : International Monetary Fund, ©1995.
Description:	1 online resource (iii, 24 [i.e. 36] pages) : illustrations
Language:	English
Series:	IMF working paper ; 95/42 IMF working paper ; WP/95/42.
Subject:	Foreign exchange rates -- Colombia. Inflation (Finance) -- Colombia. Economic stabilization -- Colombia. Economic stabilization. Foreign exchange rates. Inflation (Finance) Colombia.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12496368

Hidden Bibliographic Details
Other authors / contributors:	International Monetary Fund. Research Department, issuing body.
ISBN:	1455217069 9781455217069 1462332897 9781462332892 1455207098 9781455207091 1281258474 9781281258472 9786613778062 6613778060
Notes:	Includes bibliographical references. Restrictions unspecified Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010. Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 English. digitized 2010 HathiTrust Digital Library committed to preserve Print version record.
Summary:	Annotation After 25 years, the Colombian authorities decided to abandon the crawling peg exchange rate policy and implement a regime of nominal exchange rate bands. Initial conditions in Colombia contrast sharply with those of other cases in which bands were part of an ongoing effort to reduce high inflation. This paper argues that the change in regime was motivated by a change in policy objectives. Starting from a policy whose rationale implied targeting stable inflation, a simple analytical model of optimal policy is presented; initial results with the new regime suggest that inflation is now considered costlier and that policy implementation has been consistent with this new view.
Other form:	Print version: Carrasquilla, Alberto. Exchange rate bands and shifts in the stabilization policy regime. [Washington, D.C.] : International Monetary Fund, ©1995

Description
Summary:	After 25 years, the Colombian authorities decided to abandon the crawling peg exchange rate policy and implement a regime of nominal exchange rate bands. Initial conditions in Colombia contrast sharply with those of other cases in which bands were part of an ongoing effort to reduce high inflation. This paper argues that the change in regime was motivated by a change in policy objectives. Starting from a policy whose rationale implied targeting stable inflation, a simple analytical model of optimal policy is presented; initial results with the new regime suggest that inflation is now considered costlier and that policy implementation has been consistent with this new view.
Physical Description:	1 online resource (iii, 24 [i.e. 36] pages) : illustrations
Format:	Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Bibliography:	Includes bibliographical references.
ISBN:	1455217069 9781455217069 1462332897 9781462332892 1455207098 9781455207091 1281258474 9781281258472 9786613778062 6613778060