Servicios
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A threefold analysis of commodity prices is carried out to observe their long-run behaviour, their short-run properties and the main determinants. According to the evidence, the Prebisch-Singer hypothesis does not seem to be a property of most prices. The cycles of commodity prices are asymmetric…
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OverviewIn April 2025, the fourteenth Triennial Central Bank Survey of Foreign Exchange and Over-the-Counter Derivatives Markets was conducted, coordinated by the Bank for International Settlements (BIS). As in previous editions, the purpose of this survey is to measure the size and structure of…
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Address: Cr. 8a. No. 23-08, Claustro de San Agustín - Tunja
Phone: (098) 742 2311
Fax: (098) 742 3149
Email: abelloda@banrep.gov.co
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The 2019 Manuel Ramírez Gómez National Academic Competition in Economics (CANE) and the National Forum on Economics and Finance for 2019 and 2020, organized by the Universidad del Rosario, awarded prizes to 24 students from various universities for their initiatives to promote an exchange of…
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AbstractThe 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 disturbance of the…
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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.
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In this paper we study exchange rate effects due to shifts in the portfolio composition of the Colombian financial sector during 2003-2014. We first provide a theoretical understanding of the channel's transmission mechanism by modeling how the banking sector optimally allocates its portfolio…
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We study the relation between oil prices and stock market returns for a set of six countries, including important oil consumers and demanders. We study interconnectedness between oil and stock markets and characterize the dynamics of transmission and reception between them. We test for Granger…
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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.
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One of the principal issues of Colombian macroeconomic policy in the 1990s has been the deterioration of private savings (Figure 1). The decline in the private saving rate was usually related to consumers real expenditure, which grew by an average of 3.9% in the period 1991-1993, compared to 1.9%…
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‘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 de publicación respecto a los indicadores económicos observados, y a su…
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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.
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Unemployment rate and the real wage behavior: a neoclassical hint for the Colombian labor market adjustment Unemployment rate and the real wage behavior:
a neoclassical hint for Colombian labor market adjustment
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Slides delivered at Foro Mundial de Eempleo y Prosperidad, organized by Colsubsidio and Acoset in May 2012
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Historical data series
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During what has been challenging time for Latin American countries and for their most vulnerable population, due to the impact of the Covid-19 pandemic, María Paula Gutiérrez Hurtado, a college student, won the "Ideas for the Future" Prize for 2021 with an essay that highlights the need for…
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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 semi-structural…
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The document submission for applying to the 2024 Study Abroad Program is now open. Remember that this call offers two master´s degree programs: Public Administration and Public Policy. Additionally, the sponsorship for PhD in Economics, Economic Law, and young talent (music) will be maintained.The…
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ASTRACT
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ABSTRACT
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Banco de la República (the Central Bank of Colombia) announces that, as of 10 January 2025, the company Transbank has been providing cash exchange services through a cash window operating at the following locations and opening hours:
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Human health is increasingly viewed as central in economic development, both as a measure of development and as an input. Early mortality and excessive morbidity are serious constraints to economic growth. The impact of pollution on human health has recently become a focus of research in developing…
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Carlos Quicazán, Financial Stability Department Director of Banco de la República (the Central Bank of Colombia), presented the Financial Stability Report for the first half of 2025 on Wednesday, June 11.The analysis presented in this edition of the Report concludes that the Colombian financial…
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