Hidden Bibliographic Details
| Other authors / contributors: | Lanau, Sergi, author, (IMF staff)
Roch, Francisco, author, (IMF staff)
Jutrsa, David, author, (IMF staff)
Norat, Mohamed, author, (IMF staff)
Kolerus, Christina, author, (IMF staff)
International Monetary Fund, publisher.
International Monetary Fund. Western Hemisphere Department, sponsoring body.
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| ISBN: | 1484367529
9781484367520
9781484367520
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| ISSN: | 1934-7685
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| Notes: | "May 2016."
"April 18, 2016; approved by the Western Hemisphere Department; prepared by Sergi Lanau and Francisco Roch (WHD), David Jutrsa and Mohamed Afzal Norat (MCM), and Christina Kolerus (SPR)."--Page 2 of pdf.
Includes bibliographical references.
Online resource; title from pdf title page (IMF.org website, viewed June 2, 2016).
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| Summary: | This paper presents an assessment of the monetary policy stance and broad financial conditions in Colombia, which provides insights about macro-financial linkages. It also discusses how nonfinancial corporate debt and leverage have increased in recent years, supported by easy access to capital markets, abundant global liquidity, and low interest rates. While some sectors look somewhat more strained than others (oil, gas, and airlines), debt servicing capacity has also improved with recent economic growth. This paper explores three possible drivers of inflation dynamics in Colombia: exchange rate pass-through, the El Niño meteorological phenomenon, and wages. The Colombian peso depreciated in line with the decline in oil prices, pushing up tradable-goods inflation.
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| Other form: | Print Version: Colombia : Selected Issues. Washington, D.C. : International Monetary Fund, 2016. 9781484367520
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| Standard no.: | 10.5089/9781484367520.002
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