Unemployment and inflation

In 1991 the Colombian authorities implemented inflation target for the first time, at the time the central bank (Banco de la Republican, BR) and the government were not clear about their tasks on macroeconomic management and there was not an authority that set any monetary policies. Therefore, the nature of inflation targeting and operational meaning … Read more

Asian Crisis

The beginning of the Asian financial crisis can be traced back to 2 July 1997. That was the day the Thai Government announced a managed float of the Baht and called on the International Monetary Fund (IMF) for ‘technical assistance’. That day the Baht fell around 20 per cent against the $US. This became the … Read more