Working Papers on Economics

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.

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

Although transactions of foreign exchange market intermediaries with the real sector in the peso-dollar market are low in comparison to the ones with offshore agents, it is important to understand the behavior of the real sector and its impact on the exchange market. This paper assesses…

Even though the levels and growth rates of adoption of digital payments have reached significant figures in the recent past, the demand for cash continues to grow in both developed and developing economies across the world. This puzzle has found only partial explanations in…

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 Republica or its Board of Directors.

RESUMEN NO TÉCNICO

‘La efectividad de la intervención cambiaria y la influencia de la incertidumbre sobre la tasa de cambio’

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

 ‘Apertura e integración de Colombia a la red mundial de comercio: mucho ruido y pocas nueces’

‘Analisis del Indice de Confianza del Consumidor en Colombia: Un FAVAR estructural’

Enfoque: el Índice de Confianza del Consumidor (ICC) es un instrumento ampliamente usado en el análisis económico debido a su mayor oportunidad…

‘Determinantes socioeconómicos y convergencia espacial del bienestar biológico: El caso de la estatura en Colombia 1920-1990’ 

Enfoque: la estatura promedio de una población ha sido utilizada en la historia económica como un…

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.

Economic activity nowcasting (i.e. making current-period estimates) is convenient because most traditional measures of economic activity come with substantial lags. We aim at nowcasting ISE, a short-term economic activity indicator in Colombia. Inputs are ISE’s lags and a dataset of payments…