The importance of Low-Value Payment Systems (LVPS) in economies is undeniable. Safe and efficient LVPS promote financial inclusion, economy formalization, and reduce transactional costs for agents. In this article, we study the role of cash and electronic payments in the payment ecosystems of…
Rodríguez-Niño, Norberto
Below are the contents available on the site related to the query.
- Publicación |
- Publicación |Approach
Fiscal rules, also known as fiscal responsibility norms, refer to restrictive measures of fiscal policy at either the national or subnational level, through which the sustainability of public finances is sought to be guaranteed. These rules can be quantitative (those…
- Publicación |This document examines the evolution and determinants of portfolio flows in the Colombian economy, which comprises investments on public debt bonds, shares, and private bonds. Structural changes along the last few years owed to either regulatory or market shocks are identified. The international…
- Publicación |Approach
Since the introduction of exchange rate flexibility and the inflation targeting regime in 1999, Banco de la República (BR), Colombia's monetary and exchange rate authority, has intervened assiduously in the foreign exchange market, except in the last five years.
- Publicación |
The extern
- Publicación |
Presentation titled "Nonlinear fiscal multipliers for public expenditure and taxes in Colombia", delivered during the Seminar of the EEP Journal (Challenges of Fiscal Policy in the face of the Recent Macroeconomic Uncertainty), organized by Banco de la República at the Events Center of…
- Publicación |
Abstract
- Publicación |
Abrupt and sudden movements in the exchange rate are a cause for concern among monetary authorities, because they can jeopardize compliance with the inflation target as a result of higher import and other prices in the economy, and given their impact on inflation …
- Publicación |
The importance of the banking sector as a key player in interest rate passthrough has been recognized recently in literature concerning monetary policy transmission mechanisms. The interest rate channel, which operates when banks pass on changes in the monetary policy rate to interest rates for…
- Publicación |
Abstract
- Publicación |
