Servicios
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The Steering Committee of the Benchmark Banking Indicator (IBR in Spanish) modified the schedule for the presentation of the IBR formation scheme quotes for overnight and 1-, 3-, 6- and 12-month terms, for the timeframe between 10:45 a. m. to 11:00 a. m. The results will be published by Banco de la…
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The Board of Directors of Banco de la República informs that it will continue to meet 12 times a year, but that, in principle, decisions regarding the benchmark interest rate will only be made in 8 of them. The Board will continue to consider other topics of its competence in all of the meetings.
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Using a stylized model in which output is measured with error, we derive the optimal policy response to the demand shock signal and to changes in the measurement error volatility from two different perspectives: the minimization of the expected loss (from which we derive the ‘standard’ policy) and…
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Banco de la República reports that, following the amendment of the External Regulatory Letter DCIN 83 on 16 January 2020 regarding the exchange reports of foreign portfolio investment, the exchange reports shall not discriminate henceforth between cash flows due to liquidation of capital from…
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Starting June 2019, the information disclosed after each session of the Board of Directors of the Central Bank in which decisions are taken on the benchmark interest rate will be modified. This change is intended to improve the information related to the monetary policy decision-making process…
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Chapter IntroductionOne of my mentors in economics taught me early in my career that the three pillars of macroeconomic stability are price stability, financial stability, and fiscal sustainability. To illustrate the concept, he used the analogy of a tripod: if one of its legs fails (any of the…
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Este documento caracteriza la inversión extranjera directa en Colombia en los sectores distintos a la explotación petrolera y de minas y canteras, así como de las empresas receptoras de este tipo de inversión.
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Abstract
Since July 2021, Banco de la República strengthened its forecasting process and communication instruments, by involving predictive densities in the projections of its models, PATACON and 4GM. This paper presents the main theoretical and empirical elements of the predictive density…
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Banco de la República (the Central Bank of Colombia) manages the clearing and settlement of checks in Colombia through a retail-value payment system known as Clearing and Settlement System for Checks and other Physical Payment Instruments, through which it provides the following services:
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Place of birth: Cali - Colombia
Date of birth: 28 December 1981
Profession: Economist
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Place of Birth: Bogotá - Colombia
Date of Birth: April 5, 1961
Profession: System Engineer
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Place of Birth: Garzón, Huila - Colombia
Date of Birth: July 10, 1963
Profession: System Engineer
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Place of Birth: Bogotá - Colombia
Date of Birth: May 26, 1978
Profession: Industrial Engineering
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Place of birth: Bogotá - Colombia
Date of Birth: 10 December 1973
Profession: Economist
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Place of Birth: Cali, Valle del Cauca.
Date of Birth: December 20, 1977
Profession: Economista
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Inglés: In spite of the increasing evidence that has revealed that early access to financial services has long-term impacts, children and adolescents continue to face major obstacles to be financially included, particularly in the developing world. This document presents the main results of a…
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The Foreign Exchange Affairs and Settlements Department published the External Regulatory Circular DCIP-83 which contains the modifications introduced as a result of the new Foreign Exchange Information System implementation. Said regulation will replace the External Regulatory Circular DCIN-83…
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Regarding a recent opinion piece published in an economic journal of national circulation, Banco de la República hereby informs that the $100 thousand-peso banknote continues to be valid as the species of highest denomination currently in circulation with unlimited legal tender.
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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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This paper examines inflation expectations of the World Economic Survey for ten inflation targeting countries. First, by a Self Organizing Maps methodology, we cluster the trajectory of agents inflation expectations using the beginning of the oil price shock occurred in June of 2014 as a benchmark…
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The main purpose of this chapter is to summarize the information currently available on cocaine production and trafficking. The chapter starts by describing the available data on cocaine production and trade, the collection methodologies, (if available) used by different sources, the main biases in…
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