01595cas a2200241 a 4500 AALejournalIMF010019 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451956474 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Capital Mobility and Monetary Policy in Colombia. Washington, D.C. : International Monetary Fund, 1988. 1 online resource (38 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper estimates a model of financial markets in Colombia to examine: 1) the authorities' control over domestic interest rates and the money stock; and 2) the effects of the crawling peg exchange rate policy on exchange rate expectations and domestic interest rates. The authorities appeared to possess some control over the money stock in the short run, mostly because of the existence of capital controls, but most of this control was eroded once asset demands adjust to their desired banks. The expected rate of depreciation is not closely linked to the crawling peg. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1988/077 Full text available on IMF http://elibrary.imf.org/view/journals/001/1988/077/001.1988.issue-077-en.xml IMF e-Library