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Place of Birth: Ibagué, Tolima Date of Birth: Septiembre 5 de 1946 Profession: Economist
Article published on BIS Review, Bankers’ Speeches Section. 
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.
ABSTRACTThis paper analyzes the evolution of Cartagena's revenues, expenses and public debt in the period 2001-2018, considering the governmental crisis experienced due to several changes in local mayors during the last seven years. The results show, although the government crisis, fiscal revenues…
IMF Statistics Department Seminar. Washington, United States
Since: 1969
We assess the causes and implications of the greater nancial participation in commodity markets post-2003. Focusing on crude oil, we build a calibrated macro- nance model of oil prices and quantities that also determines consumer welfare. We show that shifts in the preferences and constraints of …
This year, Banco de la República (the Central Bank of Colombia) hosted the 114th   Meeting of Central Bank Governors of the Center for Latin American Monetary Studies (CEMLA in Spanish). This meeting was held within the framework of the 100th anniversary of Banco de la República.
Since: 1929 | Until: 2023
The economic research of 30 central banks in OECD and Latin America countries from 2000 to 2007 is evaluated in this study. An international comparison based on four indexes that measure central bank research output, demand, productivity and relevance is included. From this view, the European…
The purpose of this paper is to analyze the links between central bank independence and foreing exchange policies, in the light of the recent experience of the major Latin American countries. To that end, the paper starts with a brief review of the literature on the subject. The second section of…
  Formats Intervention Rate
     
General ObjectiveBanco de la República (the Central Bank of Colombia) and the Network of Researchers in Economics provide the Central Banking course. It is a free course to study in depth topics related to macroeconomics and monetary policy, along with a significant component of analysis and…
Central Banking is an international media outlet based in London that specializes in the coverage of central banking, monetary policy, financial stability, and related topics.In a recent article, it highlighted the intervention of Governor Leonardo Villar, who defended the importance of the Central…
Abstract A central counterparty (CCP) interposes itself between buyers and sellers of financial contracts to extinguish their bilateral exposures and –thus- to reduce counterparty risk. Therefore, this interposition should affect the way market participants engage in financial markets.
This section presents information about central national government operations under two methodologies, summarized below: The first set corresponds to a measurement of cash operations. This series includes historical information from the National Department of Planning and the latest official data…
This section presents information about central national government debt, summarized in the next tables:
This section presents information about central national government debt, summarized in the next tables:
This section presents information about central national government debt, summarized in the next four tables:
The first step towards dematerializing securities in Colombia began when Law 27 was adopted in 1990, authorizing the creation of central securities depository management companies.
This document contains the information submitted annually by Banco de la República (the Central Bank of Colombia) through the Electronic Submitting System of the Account and Reports (SIRECI by its acronym Spanish) of the Office of the Comptroller General of Colombia, corresponding to the modality “…
EducationPhD in EconomicsUniversity of Paris. 2007Masters in EconomicsUniversidad Nacional de Colombia. 1995Economist (B.S. in Economics)Universidad de los Andes. 1981Abbreviated Work ExperienceJuly 2024-PresentExpert member of the Committee Autonomous Fiscal Rule (GARF)November 2022 to April…
Place of Birth: Pereira, Risaralda Date of Birth: August 3, 1942 Profession: Graduate in Philosophy and Letters