Bogotá, Colombia

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Estimating Credibility in Colombia's Exchange Rate Target Zone

Estimating credibility in Colombia's exchange rate target zone Estimating credibility in Colombia´s exchange rate target zone


Estimating Dynamic Models with Aggregate Shocks And an Application to Mortgage Default in Colombia

Ethnic Earnings Gap in Colombia

EVIDENCE FOR A FINANCIAL ACCELERATOR IN A SMALL OPEN ECONOMY, AND IMPLICATIONS FOR MONETARY POLICY

Evidence of Demand for Index Insurance: Experimental Games and Commercial Transactions in Ethiopia

EXCHANGE RATE PASS-THROUGH EFFECTS: A DISAGGREGATE ANALYSIS OF COLOMBIAN IMPORTS OF MANUFACTURED GOODS

Exchange Rate Pass-Through to Domestic Prices: The Case of Colombia

This study uses two different econometric frameworks to study exchange rate pass-through to import, producer and consumer prices in Colombia. Both frameworks are based on vector autoregressive (VAR) models, the first using an unrestricted VAR model, and the second using the Johansen framework of...

Expansions and contractions in Brazil, Colombia and Mexico: a view through non-linear models

The study of the asymmetric behavior of macroeconomic variables over the business cycles phases has had a long tradition in economics. In this work we find evidence in favor of the hypothesis of having a STAR-type nonlinear asymmetric behavior of the economic activity, over the last two decades...

EXPECTATIONS OF ECONOMIC ACTIVITY IN COLOMBIA AND TERM STRUCTURE: SOME FURTHER EVIDENCE

Finance - Growth Nexus: What Role for Bank Regulation?

Financial Conditions Index: Early and Leading Indicator for Colombia

This paper is an attempt at constructing a simple and effective macroprudential tool for policymakers. By integrating the joint occurrences of the main financial markets in Colombia into a single Financial Conditions Index (FCI), we hope to synthesize the information embedded in them regarding...

Financial Inefficiency and Real Business Cycle in Colombia

Financial Inefficiency and Real Business Cycle in Colombia


Financial Inefficiency and Real Business Cycle in Colombia
     Camilo Zea*

Financial Stability Report - December 2002

One of the main functions of the Central Bank is to ensure that the economy's payment system operates on a firm and efficient basis. The stability of the financial system is essential to this task. For this reason, the first edition of the Financial Stability Report was published by Banco de la...

Financial Stability Report - December 2003

The July 2003 Financial Stability Report stated that the pick-up in credit growth resulted from positive behavior by both credit supply and credit demand. These developments intensified over the second half of 2003 and, combined with a more favorable external environment, allowed the financial...

Financial Stability Report - December 2005

The aim of this report is to present the Bank’s appreciation of the development of the financial system and implications for its stability. Furthermore, it is hoped that this publication will create a space for stimulating discussion of themes related to the development and long-term stability...

Financial Stability Report - July 2003

The previous Financial Stability Report showed that solvency had improved not only for credit establishments but also for firms and households, which are the system’s main counterparts within the real sector. Specifically, the Report described how the financial system’s solvency had recovered...

Financial Stability Report - July 2005

The aim of this report is to present the Bank’s appreciation of the development of the financial system and implications for its stability. Furthermore, it is hoped that this publication will create a space for stimulating discussion of themes related to the development and long-term stability...

Financial Stability Report - March 2006

The aim of this report is to present the Bank’s appreciation of the development of the financial system and implications for its stability. Furthermore, it is hoped that this publication will create a space for stimulating discussion of themes related to the development and long-term stability...

Financial Stability Report - March 2007

The aim of this report is to present the Bank’s appreciation of the development of the financial system and implications for its stability. Furthermore, it is hoped that this publication will create a space for stimulating discussion of themes related to the development and long-term stability...

Financial Stability Report - March 2008

The aim of this report is to present the Bank’s appreciation of the development of the financial system and implications for its stability. Furthermore, it is hoped that this publication will create a space for stimulating discussion of themes related to the development and long-term stability...

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