Servicios

  Las opiniones contenidas en el presente documento son responsabilidad exclusiva del autor y no comprometen al Banco de la República ni a su Junta Directiva.    
The Executive Board of the International Monetary Fund (IMF) approved today a request by the Colombian authorities to increase access under its current Flexible Credit Line (FCL) arrangement  to 600% of Colombia’s quota, equivalent to USD 17.2 billion. The two-year arrangement remains in…
IMF Executive Board Completes Review of Colombia’s Performance under the Flexible Credit LineInternational Monetary Fund Washington, D.C. 20431 USAThe Executive Board of the International Monetary Fund (IMF) today completed its six-month review of Colombia’s qualification for the arrangement…
On May 18, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Colombia1.  
On May 19, 2014, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV1 consultation  with Colombia.  
The Executive Board of the International Monetary Fund (IMF) concluded on April 28, 2021 its review of Colombia’s qualification for the arrangement under the Flexible Credit Line (FCL) and reaffirmed Colombia’s continued qualification to access FCL resources.
On March 27, the Executive Board of the International Monetary Fund (IMF) met to finalize the Article IV annual consultation with Colombia. On March 28, the IMF published the staff report discussed at that meeting, as well as a press release summarizing the discussion that took place at the meeting…
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. 
  Las opiniones contenidas en el presente documento son responsabilidad exclusiva del autor y no comprometen al Banco de la República ni a su Junta Directiva.    
This paper looks at the effects of income from international migration on household behavior in the 
To comply with the constitutional mandates, the Congress issued Law 31 of 1992, entrusting the Board of Directors of Banco de la República (BDBR) with the task of determining the conditions under which temporary liquidity support (ATL in Spanish) resources are provided, but setting the following…
The following are the approved intervention mechanisms for Banco de la República (the Central Bank of Colombia).1.    Sale of put options (options to sell foreign currency to the Bank) or call options (options to buy foreign currency from the Bank).
Banco de la República (the Central Bank of Colombia) sets the monetary policy interest rate at a level consistent with the aim of reaching the 3.0% inflation target.
Reserve requirementsTraditionally, the reserve requirement for credit institutions is defined as a minimum percentage of the liabilities they must maintain in cash on hand or deposited at Banco de la República (the Central Bank of Colombia). This requirement allows institutions to have an adequate…
Informational constraints may turn the Merton Model for corporate credit risk impractical. Applying this framework to the Colombian financial sector is limited to four stock-market-listed firms; more than a hundred banking and non-banking firms are not listed. 
The study evaluates the virtues of asymmetric trimmed means as efficient estimators of inflation for Colombia, an economy with high and variable inflation rates. Results suggest that the proposed indicators are more efficient than alternative indexes and are particularly suited for environments…
On August 02, a meeting will be held with commercial banks, unions, and trade representatives to socialize the actions implemented for the supply of banknotes and coins, and the new services that will be available in the city.In Montería, as in other cities, Banco de la República (the Central Bank…
On August 10, there will be a meeting with commercial banks, unions, and trade representatives to socialize the actions implemented for the supply of banknotes and coins, and the new services that will be available in the city.In Riohacha, as in other cities, Banco de la República is carrying out a…
This event is private. Guests are allowed with invitation only.
In this paper I consider the following problem: there is a collection of exogenously given socially feasible sets, and for each one of them, each one of a group of individuals chooses from an individually feasible set. The fact that the product of the individually feasible sets is larger than the…
Abstract The covid-19 pandemic distorted the pattern of household consumption. Consequently, the official fixed basket CPI could be measuring inaccurately the evolution of inflation. The exercise presented in this document, was to update the weighting structure of the basket with alternative…
During the last two months of 2017, inflation in- creased somewhat more than expected, closing the year at 4.09%. This behavior is explai- ned by the acceleration of the consumer price index (CPI) excluding food, whose annual variation to December stood at 5.01%. Within this last group, all large…