Estrategias creadas en las operaciones de intervención del Banco de la República de Colombia en el mercado cambiario, bajo aumento de tasas de la FED.

Abstract

En el presente un estudio de carácter descriptivo, se plantean cuales fueron las medidas de carácter monetario tomadas por la reserva Federal de Estados Unidos, la repercusión de estas en el mundo entero, se estudia el caso Colombiano, se establecen cuales fueron las medidas eventuales y de largo plazo tomadas por el Banco central Colombiano y el Estado Colombiano, se comparan con las que un Banco central en teoría debería haber tomado y se analiza la efectividad de estas ante la eventualidad de los hechos.

In the present, a descriptive study, which are the monetary measures taken by the Federal Reserve of the United States, the repercussion of these in the whole world, the Colombian case is studied, what were the possible measures and In the long term, taken by the Colombian Central Bank and the Colombian State, they are compared with those that a central bank in theory should have taken and the effectiveness of these is analyzed in the eventuality of the facts. UNIVERSIDAD LIBRE SECCIONAL CÚCUTA CENTRO SECCIONAL DE INVESTIGACIONES FORMATO INSTITUCIONAL PROPUESTA DE INVESTIGACION / PRESENTACIÓN DE TEMÁTICA EN LOS PROGRAMAS DE PREGRADO Y POSGRADO Facultad de Derecho, Ciencia Política y Sociales, Ingenierías & Ciencias Económicas, Administrativas y Contables Methods The population for this project is the central bank of Colombia, the Bank of the Republic. Raised this from the condition established by Arias (1999) that states that the population "is the set of elements with common characteristics that are subject to analysis and for which the conclusions of the investigation will be valid." This research is descriptive, which consists according to Tamayo and Tamayo in their book Scientific Research Process, descriptive research “includes the description, registration, analysis and interpretation of the current nature, the composition or process of phenomena. The focus is on dominant conclusions or group of people, group or things, is conducted or works in the present ”. According to Sabino (1986) “descriptive research works on facts of fact, and its fundamental characteristic is to present a correct interpretation. For descriptive research, its primary concern lies in discovering some fundamental characteristics of homogeneous sets of phenomena, using systematic criteria that reveal its structure or behavior. In this way you can get the notes that characterize the reality studied ” Sources of information collection are secondary, which are concentrated circular, newsletters, measures, etc. of the last five years, taking into account the definition established by Tamayo (1999) as the operational expression of the research design and specifying specifically as The research was done, likewise Bizquera (1990) defines the techniques as those technical means that are used to record observations and facilitate the treatment of them. UNIVERSIDAD LIBRE SECCIONAL CÚCUTA CENTRO SECCIONAL DE INVESTIGACIONES FORMATO INSTITUCIONAL PROPUESTA DE INVESTIGACION / PRESENTACIÓN DE TEMÁTICA EN LOS PROGRAMAS DE PREGRADO Y POSGRADO Facultad de Derecho, Ciencia Política y Sociales, Ingenierías & Ciencias Económicas, Administrativas y Contables Results and conclusions: It is suggested that there are factors that limit the independence of the bank of the republic in order to effectively control the exchange rate. It can be said that the effectiveness of central bank measures can be effective in the very short term (less than a month), given the eventual impact of the Fed's policy. The factors that can make a good exchange policy a good tool are not fully effective in time, space and intensity, this leaves the Central Bank in a dilemma of whether or not to intervene, it is expected and recommended that although this policy does not they can be quantifiable in an exact or even effective way, the intervention is carried out. The foreign exchange policy must be long-term and not eventual, the anti-cyclical and / or counter-cyclical measures, as in this case foreseeing possible changes in the US monetary policy, have allowed for a less intrusive eventual exchange policy, the level of confidence and security in the markets is once again crucial.