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Economic Reports
FAQ

This section provides short, clear and basic definitions of some economic concepts.

The majority are summaries taken from economic dictionaries or from the book "An introduction to economic analysis: the Colombian case " 2nd edition, edited in 1998 by the Banco de la Republica with the intention of providing information on economic topics of general interest.

 

A

¿What is the Andean Pact?
¿What is the Agency for International Development (AID)?
¿What is the Andean Development Coorporation (ADC)?
¿What is ALCA?


B


¿What is the balance of payments?
¿What are bank reserves or stocks?



C


¿What are consumer prices?
¿What is the Consumer Price Index (CPI)?
¿What is the Central America Common Market?
¿What is the Caribean Community (CARICOM)?



D


¿What is devaluation?
¿How is devaluation calculated in Colombia?
¿What is deflation?



E


¿What is the exchange rate?
¿What is the exchange rate band?
¿What is the European Union Treaty?


F


¿What is a Fixed Term Depósit Certificate (FTDC)
¿What is the foreign exchange balance?
¿What is fiscal policy?
¿What is fiscal deficit?


G


¿What is the Gross Domestic Product (GDP)?
¿What is the Gross Domestic Product deflactor?
¿What is the Group of Three (G-3)?
¿What is the General Agreement on Tariffs and Trade (GATT)?


I


¿What are international reserves?
¿What is inflation?
¿What is the inflation target for 2008?
¿What is the interbank system?
¿What is the interest rate?
¿What is the International Monetary Fund (IMF)?
¿What is the International Bank of Reconstruction and Development (IBRD)?
¿What is the International Finance Coorporation (IFC)?
¿What is the Inter-American Development Bank (IDB)?


L


¿What is the Latin American Reserve Fund (LRF)?
¿What is the Latin American Association for Integration (ALADI)?


M


¿What is monetary policy?
¿What is the minimum reserve requirement?
¿What is monetary supply?
¿What is a market economy?
¿What is the minimum or Lombard expansion rate?

¿What is the maximum or Lombard expansion rate?

¿What is the minimum expansion rate?

¿What is the maximum contraction rate?
¿What is Mercosur?


N


¿What is the North America Free Market Treaty (TLC)?


O


¿What are the OMA's or OMO's?


P


¿What is production?
¿What is the Producer Price Index (PPI)?
¿What are producer's prices?
¿What is public expenditure?
¿What is public debt?
¿What are the PUT and CALL options?
¿What is the Pacific Basin?


R


¿What are international reserves?
¿What is the minimum reserve requirement?
¿What are Repos operations?


T


¿What are trading systems?
¿What are TES (Treasury bonds)?

U


¿What is unemployment?


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