News and Publications
A continuación, se listan los contenidos disponibles en el portal relacionados con la consulta.
- Publicación |Abstract More than 60 countries in the world have already implemented instant payment systems (IPS). However, in many cases they have been operational mainly for person-to-person transactions. This study looks at the challenges IPS may face in developing economies like Colombia as they …
- Noticias |
Margarita Gáfaro, manager of the Bucaramanga branch of Banco de la República, and José Antonio Ocampo, a member of the Board of Directors of Banco de la República, present some of the findings of an evaluation of experience in supporting family farming to generate income.
- Noticias |
The Center for Regional Economic Studies (CEER) was Banco de la República’s first effort to decentralize economic research, which had been concentrated at the head office in Bogotá. This first regional center was established in 1997 at the Cartagena branch of the Bank. Initially, it was known as…
- Publicación |Abstract
This article studies the effect of gender identity social norms on relative income and time use in Colombia’s households. I find a discontinuity in women’s relative income distribution, precisely in the point when they exceed men’s income. This phenomenon has been observed in other…
- Publicación |Abstract
We combine two modifications to the standard (current and total income) collateral constraint that has been commonly used in models that analyze financial crisis interventions. Specifically, we consider an alternative constraint stated in terms of future and disposable income. We find…
- Publicación |Abstract Although a sizable number of studies have been exploring the migration development nexus in international settings, there is still a reduced number on internal contexts in recent years. This research aims to estimate the causal effect of origin economic conditions on internal…
- Publicación |Abstract Given the importance of climate change and the increase of its severity under extreme weather events, we analyze the main drivers of high food prices in Colombia between 1985 and 2020 focusing on extreme weather shocks like a strong El Niño.We estimate a non-stationary extreme value…
- Publicación |Abstract This paper presents a new real exchange rate index that includes weights accounting for both direct trade links and third-market competition effects. We use trade data at 3 digit Standard International Trade Classification (SITC) level for a set of 39 countries annually updated. We…
- Publicación |Abstract We investigate the effect of domestic armed violence brought about by political instability on the geography of distance frictions in freight mobility and the resulting differential access of regions to global markets. The Colombian transportation system has been found to be impeded by…
- Publicación |Abstract
This work analyzes the evolution of economic and social indicators of the department of Sucre, to highlight the most important changes, advances, and challenges after 50 years of existence. The economic structure of the department shows substantial changes. Although the primary sector…
- Publicación |Abstract In this paper, a global production frontier is estimated using stochastic frontier models to assess the contribution of transport infrastructure to countries’ performance. We find that the role of infrastructure is underestimated under the exogeneity assumption indicating that handling…
- Publicación |Abstract The objectives of this paper are to analyze for Colombia if there is a relationship between the public saving-investment imbalance and the external imbalance with annual data from 1970 to 2019 and, if there is one, evaluate what causes what and estimate the impact of a…
- Publicación |Abstract
The objective of this paper is to study the evolution of liquidity in the spot foreign exchange market in Colombia and its main determinants from 2006 and 2020. First, we analyze different dimensions of liquidity such as transaction costs and resilience. We achieve…
- Publicación |Abstract Modern macroeconomics focuses on the identification of the primitive exogenous forces generating business cycles. This is at odds with macroeconomic forecasts collected through surveys, which are about endogenous variables. To address this divorce, our paper uses a…
- Publicación |Abstract I propose a general equilibrium model with a quasi-hyperbolic discounting government that optimally decides upon using creative accounting in order to evaluate a balanced budget rule and a debt rule.
- Publicación |Abstract We investigate the impact of fiscal expansions on firm investment by exploiting firms that have multiple banking relationships. Further, we conduct a localized RDD approach and compare the lending behavior of banks that barely met and missed the criteria of being a…
- Noticias |
After being stagnant for the first half of the year, employment grew again in July and August. This upturn in employment has been particularly marked in the intermediate municipalities and rural areas. Going by segments of national employment, non-wage employment—which had slowed down in…
- Publicación |
After being stagnant for the first half of the year, employment grew again in July and August. This upturn in employment has been particularly marked in the intermediate municipalities and rural areas. Going by segments of national employment, non-wage employment—which had slowed down in…
- Publicación |Abstract How does the expansion of domestic banks in international markets affect the bank lending channel of monetary policy? Using bank-firm loan-level data, we find that loan growth and loan rates from international banks respond less to monetary policy changes than domestic…
- Publicación |Abstract
To study the recent dynamics of electronic payments in Colombia, Banco de la República carried out in 2020 a survey of the commerce sector on acceptance and usage of different payment instruments. The survey reveals merchants´ high levels of acceptance of electronic…
