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The Colombian Constitution and Law 31/1992 (Article 14) give Banco de la República a mandate to manage Colombia’s foreign reserves, in addition to stipulating the criteria on managing these reserves, which are safety, liquidity and return. The purpose of this report is to explain how Colombia’s…
Translation available since: 2019 | Periodicity: Biennial
The Colombian Constitution and Law 31/1992 (Article 14) assign Banco de la República a mandate to manage Colombia’s foreign reserves. Likewise, they also stipulate that the criteria to manage foreign reserves are safety, liquidity and return, in that order. The purpose of this publication is to…
The Banco de la República (Central Bank of Colombia) offers to the public this document, where all the details concerning the foreign reserve management are explained. The Colombian Constitution and Law 31 of 1992, Article 14, assign the administration of international reserves to Banco de la…
  The opinions contained in this document are the sole responsibility of the authors and do not commit Banco de la República or its Board of Directors.    
After a rigorous admission exam and selection process, Banco de la República and the Economics Researchers Network announced the list of 40 economics students from various universities throughout the country, who were chosen to participate in the Central Banking Course to be held on July 14-23,…
Using a three-equation New Keynesian model we find that incorporating an escape clause (EC) into Forward Guidance (FG) is welfare improving as it allows the monetary authority to avoid cases in which the cost of reduced flexibility is too high. The EC provides the central bank with another…
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. 
CEMLA Governor’s Meeting, Washington,UntiedStates. 
The aim of this paper is to identify a set of early warning indicators that effectively discriminate between firms that are more prone to default on their financial obligations from those that are less prone to do so. To fulfill this objective, we use the Discriminant Analysis methodology. We find…
Place of birth: Bogotá, ColombiaProfession: Systems Engineer
     
The functioning of large-value payment systems (LVPSs) can be affected when some of its participants voluntarily decide to delay their payments until they can totally fund them with the payments received from other participants. This behaviour, known as the free-rider problem, can cause an under-…
   
 
  From Hyperination to Stable Prices: Argentina's Evidence on Menu Cost Models   Fecha: julio 07 de julio de 2011 Hora: 10:30 a.m. Lugar: Banco de la República, carrera 7 # 14-78, piso 13 (Sala de prensa)     Expositor:    Andy NeumeyerUniversidad Torcuato Di Tella…
  The opinions contained in this document are the sole responsibility of the authors and do not commit Banco de la República or its Board of Directors.    
  The opinions contained in this document are the sole responsibility of the authors and do not commit Banco de la Republica or its Board of Directors.    
Since the COVID-19 pandemic, Colombia has seen a significant increase in the use of electronic payment channels. This blog presents detailed information on the evolution of these payment channels and their characteristics, identifying the main gaps observed in the country.
Single-sex classes within coeducational environments are likely to modify students' risktaking attitudes in economically important ways. To test this, we designed a controlled experiment using first year college students who made choices over real-stakes lotteries at two distinct dates. Students…
La información a continuación es una extracción de la Circular Reglamentaria Interna Asunto 3 DG-T 10 Políticas de Seguridad de la Información y Ciberseguridad .1.