Bogotá, Colombia

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The Colombian Banking Crisis: Macroeconomic Consequences and What to Expect

THE COLOMBIAN BANKING CRISIS: THE COLOMBIAN BANKING CRISIS:
Macroeconomic Consequences and What to Expect



Andres F. Arias  */

The Case for Macro Risk Budgeting and Portfolio Tranching in Reserves Management

The Board of Directors´Report to the Congress of Colombia, March 2000

The Board of Directors´ Report to the Congress of Colombia - March 2012

The Board of Directors´ Report to the Congress of Colombia - July 2012

The Black Market for Dollars in Venezuela

The Banking Spread and the Resource Cost of Capital

The paper provides a model of the banking firm in the macroeconomy intended to explain what determines the interest rate spread. A key factor explaining the spread in our model is the resource cost of capital. A statistical result confirms the prediction of the model, that is, the bank's spread...

Testing the Short-And-Long-Run Exchange Rate Effects on Trade Balance: The Case of Colombia

This paper examines the role of exchange rates in determining the short-and-long-run trade balance behavior for Colombia. Conventional wisdom says that a nominal devaluation improves the trade balance. This conjecture is rooted in the Bickerdike- Robinson-Metzler (BRM) and Marshall-Lerner (ML)...

Testable Restrictions on the Equilibrium Manifold under Random Preferences

General equilibrium theory was criticized for its apparent irrefutability, as seemingly implied by the Sonnenschein-Mantel-Debreu theorem.  This view was challenged by Brown and Matzkin (1996), who showed the existence of testable restrictions on the equilibrium manifold. Brown and Matzkin,...

Tax Policy as a Competitiveness Mechanism to Attract Manufacturing FDI Inflows: An Application to the Latin-American Case

Tax Exporting: An Analysis Using a Multiregional CGE Model

TAX EXPORTING: AN ANALYSIS USING A MULTIREGIONAL CGE MODEL   Tax Exporting: An Analysis Using a Multiregional CGE Model
Ana María Iregui *
Estudios Económicos
Banco de la República

Summary of the Minutes of the Monetary Board, 1971, 1988

This piece was part of a research on the colombian inflationary experience published as: The Rise and Perpetuation of a Moderate Inflation, Colombia 1970-1991. It collects together the summaries of the response of Colombian policy-makers to the shocks identified in that paper. Since 1963 the...

Successes And Failures Of The Labor Market Reform In Colombia.

Subsidy-Led Growth in A Fortified Port: Cartagena de Indias and the Situado, 1751-1810

STRUCTURE OF INTERREGIONAL MIGRATION FLOWS IN SPAIN: 1998-2006

STICKY-PRICE DYNAMICS AND THE CHOICE OF AN EXCHANGE RATE REGIME. PAGS. 41-112

Statistical Inference for Testing Gini Coefficients: An Application for Colombia

This paper uses Colombian household survey data collected over the 1984-2005 period to estimate Gini coefficients and their corresponding standard errors. We find a statistically significant increase in wage income inequality following the adoption of the liberalization measures during the early...

Stand-By Arrangement between Colombia and The International Monetary Fund - 2004

Spatial Dependence and Economic Growth: Evidence from a Panel of Countries

The empirical literature about economic growth has usually ignored spatial interdependence among countries. This paper uses spatial econometrics to estimate a growth model that includes cross-country interdependence, in which a country’s economic growth depends on the growth rate of its...

Sovereign Risk and Real Business Cycles in a Small Open EconomyMacroeconomic

This paper investigates the effect of sovereign risk on the stochastic rational expectations equilibrium of a real business cycle small open economy. The market is imperfect because the sovereign cannot commit to repay its outstanding debt and chooses to default when it is optimal to do so. The...

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