Servicios

We set a dynamic stochastic model for the interbank daily market forfunds in Colombia. The framework features exogenous reserve requirements and requirement period, competitive trading among heterogeneouscommercial banks, daily open market operations held by the Central Bank(auctions and window…

Este documento evalúa el Proyecto de Acto Legislativo aprobado en su sexto debate, el cual busca aumentar los recursos transferidos a las regiones a través del Sistema General de Participaciones (SGP). Desde una perspectiva histórica, el sistema de transferencias a los territorios se fortaleció con…

The combination of persistent poverty, inequality, and limited labor market opportunities increases the vulnerability of young people in the city, which may lead them to seek income-generating options in illegal or highly risky activities.

AbstractThis study assesses the impact of housing provision in a rural area of a developing country. It examines a government program that delivered prefabricated houses to households whose dwellings were destroyed by flooding caused by the breach of the Canal del Dique in Santa Lucía, Colombia, at…

AbstractCatatumbo is a region located in northeastern Colombia on the border with Venezuela, which has historically been the scene of waves of violence. In recent years, it has established itself as one of the areas with the largest coca cultivation in the country. This situation has generated…

ApproachThis study examines rental costs across various Colombian cities to understand their contribution to the cost of living and their recent evolution. A comparative index is constructed to measure price differences between cities, adjusting for housing quality and characteristics so that…

The story of poverty reduction in Colombia has two very different chapters. Between 2012 and 2019, poverty declined mainly due to demographic changes and the expansion of formal employment. However, the accelerated drop between 2021 and 2024 was driven primarily by the strong recovery of the labor…

ApproachThis study analyzes the agricultural credit system in Colombia, with a particular focus on access to financing by small-scale rural producers. It examines the policies of the National Agricultural Credit System (SNCA), the financial instruments managed by the Agricultural Sector Financing…

FocusAlthough Santander continues to rank among the departments with the highest gross domestic product (GDP) per capita in Colombia, in recent years it has shown a relative lag in its economic and social performance. In light of these trends, the purpose of this document is to examine the economic…

While motherhood is gradually shifting toward older ages, adolescent pregnancy persists in some regions of the country. Adolescent fertility must be understood as a phenomenon shaped by multiple dimensions, and its persistence constitutes a sensitive indicator of inequality.

In Bogotá and the Eastern region, road closures lead to price increases close to 2%, reflecting a high degree of functional dependence on this corridor. In contrast, other regions show more moderate or non-significant effects, suggesting greater diversification of routes, sources, and supply…

In terms of logistics performance, the model indicates small but statistically significant effects: in months with at least one closure, freight volumes along the corridor fall by about 1%, while the average cost per kilogram increases by roughly 1%. 

The findings underscore the vulnerability of riverside municipalities to fiscal shocks and their dependence on intergovernmental transfers to sustain development. 

Natural Resource Funds (NRFs), or natural‑resource sovereign wealth funds, are special‑purpose investment funds that have become increasingly important tools for public asset and fiscal management in resource‑dependent countries worldwide.

Gender inequality in the labor market is not experienced uniformly across the country. While Bogotá shows the narrowest gaps and fewer unexplained barriers, the Caribbean region and rural areas present deeper differences that may discourage women’s participation.

Deteriorations in public debt and in the expected fiscal deficit generate statistically significant increases in the cyclical component of the long-term real interest rate and a steepening of the yield curve.

Freely Convertible Currencies

  On the occasion of its fourteenth special edition, Banco de la República´s Ensayos sobre Política Económica (ESPE) journal invites you to the seminar on Challenges of Fiscal Policy in the face of the Recent Macroeconomic Uncertainty. It will take place on the 20th of October of this year, in…

Can technological misallocation generate financial frictions? We build a theoretical model with testable implications, in which the misallocation between R&D and production activities generates borrowing constraints. The investor offers the innovator a rent that is contingent to the success of…

In the last years, there have been a series of changes related to global trends in the supply of financial services. These trends include economic integration, technological change, increased competition, disintermediation, deregulation and financial crises.1 Colombia has not been apart from this…

The 500-peso coins, minted by the Ibagué-based Mint, were put into circulation on 26 December 1993. The features of this coin were modified following the provisions of External Resolution 10 of 15 December 2006 of the Board of Directors of Banco de la República.

Artículo publicado en: Emerging Markets Finance and Trade (M.E. Sharpe), vol. 48, num. 5, pp. 66-77, 2012.

Artículo publicado en: Agribusiness, vol. 29, num. 4, pp. 497-508, 2013. doi: 10.1002/agr.21319.  

Artículo publicado en: Economics and Human Biology, vol. 11, pp. 416–425, 2013

Artículo publicado en: Emerging Markets Finance and Trade (M.E. Sharpe), vol. 48, num. 4, pp. 50-66, 2012.