Bogotá, Colombia

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Endogenousemployment and Incomplete Markets

Entrepreneurship and Interest Rate Shocks in a Small Open Economy

Entrepreneurship and Interest Rate Shocks in a Small Open Economy

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 - March 2014

During the second semester of 2013, the international environment was characterized by the gradual recovery in the Eurozone and the U.S. economy, as well as by an upturn in the Chinese economy. Although overall uncertainty regarding the moderation of the United States monetary policy impacted...

Financial Stability Report - March 2017

The analysis of credit institutions between August 2016 and February 2017 showed  a  lower  real  growth  of  the  loan  portfolio,  mainly  explained  by commercial loan-portfolio dynamics. The quality and non-performing loan indexes featured increases for all loan portfolio modalities; however...

Financial Stability Report - September 2014

During the first semester of the year, a weak global demand, a fall of export prices in some countries and a low investment dynamic led to reduced growth forecasts for most Latin American and the Caribbean economies. In contrast, the Colombian economy shows signs of soundness, and growth in 2014...

First quarter

Fiscal policy and the cycle in Latin America: the role of financing conditions and fiscal rules

Presentation titled "Fiscal policy and the cycle in Latin America: the role of financing conditions and fiscal rules", 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...

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