Servicios
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As Freixas and Rochet (1997) mention, in perfect competition the optimal choice for banks is determined by the point where intermediation margins are equal to operating costs. In this scenario, market equilibrium is not affected by a bank’s actions. In contrast, when a bank has market power, it can…
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To complement a number of studies done in Colombia, based largely on figures from institutional balance sheets, Banco de la Republica has conducted three surveys to date on the credit situation in Colombia. The aim is to collect qualitative information that can be used to determine how financial…
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Annually from 1994-1997
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1990-2002
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Annually from 1994-1997
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A major breakthrough in the area of macroeconomics was the unifi cation of business cycle and growth theories by Kydland and Prescott (1982); accordingly, exogenous stochastic technological innovations —i. e. fl uctuations in total factor productivity (TFP) or supply shocks— would explain most…
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The Investment Budget includes the estimate of the resources necessary for the acquisition and replacement of movable and immovable property, cultural property, and software required for the performance of the functions assigned to the Bank. The operating budget is divided into three main…
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The Investment Budget includes the estimate of the resources necessary for the acquisition and replacement of movable and immovable property, cultural property, and software required for the performance of the functions assigned to the Bank. The operating budget is divided into three main…
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1994-2003 (P)
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1990-2002
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We study the effects of changing labor supply on total output in a setting of factor saving innovations where the choice of technologies depends on the relative abundance of factors. The sign and the size of the effect of a technological change on output depend on the relative abundance of factors…
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In 2016, Banco de la República will start circulating a new family of banknotes comprising six denominations: $2,000, $5,000, $10,000, $20,000, $50,000, and $100,000 pesos. These new banknotes will circulate simultaneously with the current ones.
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Comercial de 30 segundos “Biodiversidad: La nueva cara de las monedas”, que presenta a la ciudadanía la nueva familia de monedas colombianas. Versión en inglés.
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1990-2002
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