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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…
Approach This study examines the evolution of gender roles and time use in Colombia throughout the 20th century and into the 21st, using microdata from the population censuses conducted between 1964 and 2018, as well as the National Time Use Surveys (ENUT) from 2016–2017 and 2020–2021. These…
AbstractColombia experienced one of the fastest declines in fertility in the world: children per woman fell from 7 in 1960 to 3 in 1985. Despite the country's significant inequalities, the regional aspect of this decline has been overlooked in previous research. This article examines…
AbstractAcross the world educated women tend to have fewer children than their less-educated peers. This paper provides new stylised facts about the long-run relationship between women’s education and fertility at both the national and individual levels. I focus on Colombia, a…
AbstractCan radio campaigns affect fertility? This paper examines the impact of a national radio campaign promoting family planning clinics in late 1960s Colombia on the country's rapid fertility decline. The campaign, initiated by Profamilia in 1969, provided information about the location of…
AbstractThis paper examines the career path of women in central banks, particularly at the Banco de la República of Colombia throughout its 100-year history, and also examines the experience of other central banks around the world to provide an international context. Given the scarce historical…
Since: 1999
AbstractLa Matuna is an area located in the heart of the historic center of Cartagena de Indias, between El Centro, San Diego and Getsemaní, which makes it an area of special interest for the city. Despite its location and some constructions that occurred at the end of the 19th century…
Buenaventura - Cultural Agency Florencia - Cultural Agency
Since: 1960
We test current account sustainability based on the framework developed by Hakkio and Rush [1991] and Husted [1992] using a two-regime threshold vector error correction model. This methodology allows us to characterize short-run nonlinearities in the current account. We estimate the model for four…
Find information on the economic activity of eight regions of the country during the third quarter of the year in the most recent Regional Economic Bulletins (Boletines Económicos Regionales, BER).
Imports Services & transfers Capital
Exports Gold purchases Services & transferences Capital revenues
    CURRENT SITUATION OF THE COLOMBIAN ECONOMY
CURRENT SITUATION OF THE COLOMBIAN ECONOMYThis is the first edition of a new publication by the Governor of the Central Bank of Colombia. It is addressed to citizens, analysts, and domestic and foreign investors interested in learning about the most recent events in the Colombian economy, and their…
As the community knows, Banco de la República holds a free-use contract with the Society of Public Improvements of Barranquilla to use the Amira de la Rosa Theater since 19 June 1980. Since then, the venue has been administered and maintained by the Central Bank for cultural activities, holding…