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Boom and Bust in Colombia 1990–2013

In: Latin America after the Financial Crisis

Author

Listed:
  • Guillermo Maya Muñoz
  • Daniel Restrepo Soto

Abstract

Following the “lost decade,” the 1990s in Latin America (LA) begin with the political will of its elites to impose a neoliberal model based on the reforms of the Washington Consensus. These measures enhanced free markets for goods, services, and capital and aimed to reduce the size of the government and its influence by privatizing public assets of state-owned enterprises and balancing their macro-economic accounts. At the same time, the institutionalization of independent central banks and other modalities, such as currency boards, to keep inflation under control, like in Argentina, was adopted all over the region.

Suggested Citation

  • Guillermo Maya Muñoz & Daniel Restrepo Soto, 2016. "Boom and Bust in Colombia 1990–2013," Palgrave Studies in Latin American Heterodox Economics, in: Juan E. Santarcángelo & Orlando Justo & Paul Cooney (ed.), Latin America after the Financial Crisis, chapter 5, pages 87-115, Palgrave Macmillan.
    • Handle: RePEc:pal:pslchp:978-1-137-48662-2_5
    DOI: 10.1057/9781137486622_5
    as

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