The value added tax (VAT) exemption days policy has been used in the United States and in the European Union to encourage the consumption of goods…
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Situation and Outlook of the Colombian Economy
Whenever the monetary authority meets to make interest rate decisions, two key questions need to be answered: Where is the economy at?…
Macroeconomic Risks of Modifying the General Participation System
A Constitutional Reform Bill is currently under consideration in the Congress of Colombia that would substantially increase the percentage of the…
Central Bank Transparency and the Case of Colombia
Central bank transparency refers to the clear and open communication of key information to the public by monetary policymakers. This includes the…
Bank Reserves and Liquidity Risk Management
Bank reserves are an economic policy instrument traditionally overseen by central banks that requires banks and other credit institutions to…
Recent Evolution of Remittance Inflows to Colombia
In recent years, remittance inflows from workers to Colombia have been increasing at rates that exceed the figures for economic activity growth.…
