Servicios

Q: The peso has weakened the most among more than 150 currencies since the election last month. How worried are you by this? Under what circumstances would intervention be appropriate?
Every two years, Banco de la República’s (the Central Bank of Colombia) Office for Industrial and Treasury Affairs, with the methodological consultancy of the Office for Economic Studies, applies the national survey on the provision of banknotes and coins and payment instruments (Epbmip in Spanish…
In order to quantify consumer preferences for making payments with cash, checks, and bank cards as well as their acceptance by merchants, the Financial Infrastructure Oversight Department (DSIF) of Banco de la República (the Central Bank of Colombia) designed a set of questions to quantify the…
In recent years, the financial system has offered and managed different payment alternatives, offering solutions that have competed with cash to the population. Checks, bank cards (credit and debit), and electronic funds transfers are among the payment instruments with which individuals can carry…
Banco de la República (the Central Bank of Colombia) has taken specific actions to measure the payment preferences of the people living in the country through surveys taken in several cities. This report corresponds to the third measurement conducted by BanRep’s Financial Infrastructure Oversight…
Based on the methodological advice of the Office for Economic Studies, the Office for Industrial and Treasury Affairs of Banco de la República (the Central Bank of Colombia) conducts a national survey on the provision of banknotes and coins and payment instruments (EPBMIP) every two years. The main…
Every two years, the Banco de la República (the Central Bank of Colombia) conducts the National Survey on the Provision of Banknotes and Coins and Payment Instruments (Epbmip in Spanish), whose main purpose is to understand the perceptions of individuals (general public) and legal entities (…
For the inauguration of its new Cultural Center in Manizales, Banco de la República edited seven publications and six digital projects. In the voice of renowned authors and researchers from the region, these works present new perspectives on the Coffee Cultural Landscape, the history of the…
Returns and interest rate: A nonlinear relationship in the Bogotá stock market   Returns and interest rate: A nonlinear relationship in the Bogotá stock market   Luis Eduardo Arango, Andrés González, and Carlos Esteban Posada *  Banco de la República  Summary  …
Several governments still need to adjust their fiscal balance after the Great Recession. In this paper, I construct a novel dataset to estimate the revenue potential and expenditure cutting space for a cross-section of 150 countries, and decompose their fiscal capacity into specific taxes and…
Since: 1927 | Until: 2020 | Frequency: Monthly
ApproachSince the introduction of exchange rate flexibility and the inflation targeting regime in 1999, Banco de la República (BR), Colombia's monetary and exchange rate authority, has intervened assiduously in the foreign exchange market, except in the last five years.
Since 1994 Banco de la República has been successfully running an External Management Program. The main objectives of the program are to: a) enhance the performance of Colombia’s Foreign Reserves Investment Portfolio; b) provide training and transfer knowledge to the Bank’s staff; and c) support…
Since 1994 Banco de la República has been successfully running an External Management Program. The main objectives of the program are to: a) enhance the performance of Colombia’s Foreign Reserves Investment Portfolio; b) provide training and transfer knowledge to the Bank’s staff; and c) support…
  Since 1994 Banco de la República has been successfully running an External Management Program. The main objectives of the program are to: a) enhance the performance of Colombia's Foreign Reserves Investment Portfolio; b) provide training and transfer knowledge to the Bank's staff; and c)…
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. 
We embed a small open economy model for Colombia into the global risk model of Gómez-Pineda, Guillaume, and Tanyeri (2014). The small open economy model is estimated by Bayesian methods and used for analysis and projections. The model enable us to give a consistent treatment of shocks to global…
This  paper  uses  the  Colombian  National  Health  Survey  to  analyze  the relationship between education and risky health behaviors, namely smoking, heavy drinking, being obese, and unsafe sexual behavior, by estimating the education gradient…
In compliance with the regulations that seek to promote safe behavior and conduct on the roads, Banco de la República is committed to carrying out activities that foster responsible and safe driving habits and attitudes to help reduce road accident rates in our country.This purpose is achieved…
Available only in Spanish
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..   ABSTRACT  
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.
The Savings Workshop is part of the Economic Education Program BanRep Educa, which aims to promote critical and reflective thinking in children in order for them to make responsible and informed decisions on economic topics, triggering the construction of their life projects. It includes a guide…
A maximum likelihood method for estimating the power-law exponent verifies that the positive and negative tails of the Colombian stock market index (IGBC) and the Colombian peso exchange rate (TRM) approximate a scale-free distribution, whereas none of the heavy tails of a local sovereign…