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The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.

The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.

The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.

The opinions expressed in this document are those of the authors and do not necessarily reflect the views of Banco de la República or its Board of Directors..

The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.

The series Cuadernos de Historia Económica is a publication of Banco de la República in Cartagena. The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.

The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.

The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.

Las opiniones contenidas en este documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.

The opinions contained in this document are the sole responsibility of the authors and do not commit Banco de la República or its Board of Directors.

The opinions contained in this document are the sole responsibility of the authors and do not commit Banco de la República or its Board of Directors.

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.

The opinions contained in this document are the sole responsibility of the authors and do not commit Banco de la República or its Board of Directors

ASTRACT

Two FX policy issues are discussed based on the recent Colombian experience. First, the increased participation of foreign investors in local bond markets since 2014 induced a reassessment of international reserve adequacy. We present the resulting LCR-type methodology to evaluate…

The opinions contained in this document are the sole responsibility of the authors and do not commit Banco de la República or its Board of Directors

The opinions contained in this document are the sole responsibility of the authors and do not commit Banco de la República or its Board of Directors

The opinions contained in this document are the sole responsibility of the authors and do not commit Banco de la República or its Board of Directors

The opinions contained in this document are the sole responsibility of the authors and do not commit Banco de la República or its Board of Directors.

Crypto-assets (CA) such as Bitcoin are digital units that can be used as a medium of payment for the exchange of goods and services, as a store of value, and as a unit of account (FATF, 2015). These assets can be stored on computer devices and transferred by the internet on a global scale…