Publications OLD
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- Publicación |Profundizar en los artistas, las técnicas y/o las influencias internas o externas en su creación ayudarían a entender la historia del arte de la ciudad. Esto podría contribuir a desarrollar la oferta cultural que la ciudad necesita para que los museos, y la actividad…
- Publicación |Nuestros resultados muestran que los controles de capital reducen las entradas de deuda en moneda extranjera y que la reducción es relativamente más fuerte para las empresas con mayor endeudamiento en moneda extranjera ex ante.
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This document reviews the potential macroeconomic effects of issuing a central bank digital currency (CBDC) for the use of individuals and businesses. A careful selection of the architecture, and the economic and technological design aspects of this digital form of central bank money…
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Local labor markets in Colombia are exceptionally heterogeneous. In particular, the cities of the Caribbean region have higher labor informality and lower unemployment rates, compared to the rest of the country. This work is part of a research agenda on local labor markets in Colombia…
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As a complement to the analysis presented in Chapter 2 for insurance companies with respect to the development of their portfolio, profitability, and capital adequacy, this box provides an account of the performance of insurance policies issuance, claims, and operational profitability by line of…
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This box analyzes the recent changes in a battery of indicators on the financial position of households and their trends with respect to their historical behavior. These indicators were calculated based on the quarterly national accounts by institutional sector published by DANE and the…
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La presencia de descalces cambiarios es un factor que puede incrementar la vulnerabilidad externa de la economía por la vía de la inversión, el crecimiento, la liquidez y la solvencia de las firmas que se ven sometidas a este fenómeno. En el Recuadro 1 del Reporte de Estabilidad Financiera del…
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This document reviews the potential macroeconomic effects of issuing a central bank digital currency (CBDC) for the use of individuals and businesses. A careful selection of the architecture, and the economic and technological design aspects of this digital form of central bank money…
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Throughout 2021, Banco de la República participated, together with the other safety net authorities of the Colombian financial system, in the Financial Sector Assessment Program (FSAP) coordinated by the International Monetary Fund (IMF) and the World Bank (WB). This box briefly describes the…
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In an increasingly globalized world, it is common for companies, governments, and households to make transactions in currencies other than those of their own economy. This type of capital movement makes it possible, for example, to increase current spending, finance capital expansion projects,…
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In recent years, the institutions of the Colombian financial system have expanded their operations and have made their ownership structures more complex given the presence of different financial groups in various lines of business (such as banking intermediation).
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Based on monthly disaggregated Consumer Price Index (CPI) item series and macroeconomic series, we explore the advantages of forecast inflation from a disaggregated to an aggregated level by aggregating the forecasts. We compare the performance of this approach with the forecast…
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Our study analyzes the impact of debt moratorium policies, possibly the oldest approach to addressing repayment problems. Using Colombian administrative data, we compare firms that narrowly met the criteria for moratoria (eligible firms could not exceed 60 days overdue…
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This study aims to establish a comprehensive linkage between CO2 emissions and the composition of energy sources, economic growth, and reforestation, thereby shedding light on their intricate connections in Colombia over the period 1970-2018. First, we use different types of…
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Although greenhouse gas emissions from the Latin America (LAC) region are not particularly significant, climate change is a worldwide challenge. Hence, we analyze the main factors that increase and mitigate emissions in LAC countries by emphasising the importance of preserving and…
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This document presents a Gaussian Affine Term Structure Model (GATSM) of the zero-coupon public debt curve issued locally by the Colombian Government, adopting the methodological approach of Hamilton and Wu (2012) to solve the problems of identification and instability in the…
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This study follows a novel approach proposed by Angelico et al. (2022) using Twitter to measure inflation perception in Colombia in real time. By applying machine learning techniques, we implement two real-time indicators of inflation perception and show…
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Presented during the 58th Meeting of the Network of Central Banks and Finance Ministries of Latin America and the Caribbean organizaed by the Inter-American Development Bank (IDB). Washington, November 7th-9th.
Session 2. Panel. Financial Stability in Latin America and the Caribbean…
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The objective of this study is to describe the main fiscal indicators of Barranquilla during the period 2000–2021, as well as explore the possible factors that could be behind the observed behavior. We compare the evolution of the main fiscal variables of the district with…