Servicios
|
Consumer inflation is the generalized and sustained increase in the prices of the most representative goods and services of household consumption in a country.
|
|
The consumer price index (CPI) is an indicator that serves to measure the evolution of the prices of the most representative goods and services of household consumption expenditure in Colombia and provides information to calculate the cost of living in the country. Positive variations in this index…
|
|
Total CPI, CPI by city, Otherr aggregate CPI indexes.
|
|
|
|
Banco de la República (the Central Bank of Colombia) has access to the Federal Reserve Repurchase Agreement (Repo) Facility (FIMA), which is an instrument that facilitates access to immediate liquidity if required under extreme circumstances. In these transactions, FIMA account holders (central…
|
|
In this paper we study the structure of the fiscal system of the Viceroyalty of New Granada towards the end of the colonial period. Then we discuss how the tax system inhereted from the Spanish Empire evolved over the period 1821-1850. The conclusion that emerges from the review of the evidence is…
|
|
Abstract
In this paper we evaluate the contribution of business expectations from surveys of Banco de la República and Fedesarrollo, to the forecasts of the main macroeconomic variables: inflation, unemployment, employment and economic growth. We make this assessment by comparing one to four…
|
|
Banco de la República (the Central Bank of Colombia) promotes the generation and dissemination of economic and financial knowledge as a core component of its institutional mission. This is done through rigorous research, statistical production, and comprehensive economic education programs, all…
|
|
Latin American Investor Conference organized by Merrill Lynch. Inter American Development Bank Meeting.
|
|
Palabras del Gerente General del Banco de la República, José Darío Uribe. Santiago, Chile, noviembre de 2008
|
|
This coin is part of a set of 14 units minted by the following countries: Argentina, Bolivia, Brazil, Colombia, Cuba, Chile, Ecuador, México, Nicaragua, Perú, Portugal, Spain, Uruguay, and Venezuela. Fábrica Nacional de Moneda y Timbre de España (The National Spanish Mint) issued 50,000 numbered…
|
|
We use a yearly dataset of plant level investment in Colombian firms during the period 1997 to 2007, to assess the impact of a tax incentive for firms that invest in fixed assets implemented in 2004. We find that there is a positive and statistically significant correlation between the boom…
|
|
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.
|
|
Financial systems health is a signal of economic growth therefore it is a key indicator to investors. As a consequence, one of the main purposes of policymakers is to keep its stability as well as protect it from foreign activity. Both financial and economic activity in general are susceptible of…
|
|
The Banco de la República was established as the Central Bank of Colombia on the 25th of July 1923 by means of Law 25. The Bank was organised as an anonymous society with a starting capital of 10 million in gold, of which the Government provided 50% and foreign and national commercial banks as well…
|
|
The history of economic recessions has shown that every deep downturn has been accompanied by disruptions in the
financial sector. Paradoxically, up until the
financial world crisis of 2007-2009, little attention was given to macroeconomic and
financial interdependence. And, in spite of a…
|
|
In this paper, we build a heterogeneous agents-dynamic general equilibrium model wherein saving constraints interact with credit constraints. Saving constraints in the form of fixed costs to use the financial system lead households to seek informal saving instruments (cash) and result in lower…
|
|
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.
ABSTRACT
|
|
In this paper we investigate the impact of rapid credit growth on ex ante credit risk. We present micro-econometric evidence of the positive relationship between rapid credit growth and deterioration in lending portfolios: Loans granted during boom periods have higher probability of default than…
|
|
This paper proposes an empirical model to identify and forecast banking fragility episodes using information on the credit funding sources. We predict the probability of occurrence of such episodes 0, 3 and 6 months ahead employing a Bayesian Model Averaging of logistic regressions. The exercises…
|
|
Starting on 22 March 2025, credit institutions (CIs) will exchange and provide small-value denomination banknotes and coins to their customers under the guidelines established in the External Resolution 02 of 22 March 2024 (Only in Spanish) issued by Banco de la República (the Central Bank of…
|
|
The recent financial crisis has renewed the interest of economists, both at the theoretical and empirical level, in developing a better understanding of credit and its mechanisms. A rapidly growing strand of the literature views banks as facing funding restrictions that condition their borrowing to…
|
|
Since: 2000 | Until: 2012 | Frequency: Annual
|
|
ApproachThis study examines a key question for territorial policy in Colombia: Does dividing the country into more departments make sense as a strategy to reduce poverty and foster local economic development? Throughout Colombian history, new departments have been created under the premise that…
|
|
AbstractThe role of education in promoting social mobility has been highlighted in the literature. But how much mobility have high-quality universities yielded historically? This research focuses on a case study of historical social mobility in access to high-quality education in…
|
