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…

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…

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…

ABSTRACTWe provide evidence on the long-run impact of vouchers for private secondary schools, evidence collected twenty years after students applied for the vouchers. Prior to the voucher lottery, students applied to either an academic or vocational secondary school, an important mediating factor…

‘Respuesta agregada y sectorial de Colombia a choques en precios del petróleo: una aproximación SVAR y de proyecciones locales’Enfoque: la investigación ‘Respuesta agregada y sectorial de Colombia a choques en precios del petróleo: una aproximación SVAR y de proyecciones locales’, explora el…

Banco de la República conducts periodic surveys to various economic agents to learn about their perception on different aspects related to the stability of the Colombian financial system.  Based on these surveys, Banco de la República (the Central Bank of Colombiaprepares quarterly or…

 Bogotá  (Bogotá, D. C.; Cundinamarca)