Servicios

1. Artículos publicados en revistas internacionales indexadas

A Simple Test of Momentum in Foreign Exchange Markets

Artículo publicado en: Emerging Markets Finance and Trade (M.E. Sharpe), vol. 48, num. 5, pp. 66-77, 2012.

A Spatiotemporal Analysis of Agricultural Prices: An Application to Colombian Data

Artículo publicado en: Agribusiness, vol. 29, num. 4, pp. 497-508, 2013. doi: 10.1002/agr.21319.  

Anthropometric Measurements by Ethnicity in Colombia, 1965-1990

Artículo publicado en: Economics and Human Biology, vol. 11, pp. 416–425, 2013

Does the Use of Foreign Currency Derivatives Affect Firms' Market Value? Evidence from Colombia

Artículo publicado en: Emerging Markets Finance and Trade (M.E. Sharpe), vol. 48, num. 4, pp. 50-66, 2012.  

Failing and Merging as Competing Alternatives during Times of Financial Distress: Evidence from the Colombian Financial Crisis

Artículo publicado en: International Economic Journal (Taylor and Francis), vol. 26, num. 4, pp. 655-671, 2012.  

Forecasting Food Inflation in Developing Countries with Inflation Targeting Regimes

Artículo publicado en: American Journal of Agricultural Economics, vol. 94, num. 1, pp. 153–173, 2012.  

Loan Growth and Bank Risk: New Evidence

Artículo publicado en: Financial Markets and Portfolio Management (Springer), vol. 27, núm. 4, pp. 365-379, 2013.  

Recovering Default Risk from CDS Spreads with a Nonlinear Filter

Artículo publicado en: Journal of Economic Dynamics and Control   

Testing the Law of One Price in Retail Banking: An Analysis for Colombia Using a Pair-wise approach

Artículo publicado en: Economics Letters, vol. 118, num. 1, pp. 29-32, 2013.   En este artículo se utiliza un enfoque de emparejamiento para probar la ley del precio único en las tasas de interés pasivas (activas) en Colombia. Los resultados indican que cuando los bancos son de diferentes…

The Cyclical Behavior of Bank Capital Buffers in an Emerging Economy: Size Does Matter

Artículo publicado en: Economic Modelling (Elsevier), vol. 29, num. 5, pp. 1612-1617, 2012.  

The Long-run behaviour of the Terms of Trade between Primary Commodities and Manufactures: A Panel Data Approach

Artículo publicado en: Portuguese Economic Journal, vol. 12, num. 1, pp. 35-56, 2013.

Wage-setting Decisions on Newly Hired Employees: Survey Evidence from Colombian Firms

Artículo publicado en: Managerial and Decision Economics, doi: 10.1002/mde.2610, 2013.  
1. Decisiones tomadas por la Junta Directiva

Purchases / Sales of TES, Foreign Exchange, and TES Portfolio Holdings by Banco de la República

Banco de la República (the Central Bank of Colombia, BanRep) hereby informs that in July 2021 it did not make outright sales or purchases of TES B in the market.At the end of July 2021, the outstanding balance of TES held by BanRep was $10,487.0 b (value at market prices).The TES portfolio of…
1. Decisions reached by the Board of Directors (BDBR)

Banco de la República (the Central Bank of Colombia) increases the allotment of repos with private debt instruments.

Banco de la República increased the allotment of liquidity auctions from $17 trillion to $20 trillion as of Tuesday, 17 March 2020. The $3 t increase is destined to expand the allotment for the auction of REPOS backed by private instruments, which will increase from the current $5 t to $8 t.…

Banco de la República (The Central Bank of Colombia) injects permanent liquidity to the economy by purchasing public and private debt instruments

In its extraordinary session on 23 March 2020, the Board of Directors of the Central Bank decided to inject permanent liquidity to the economy in order to ensure the proper operation of financial markets. To do so, the Board decided the following:

Banco de la República (the Central Bank of Colombia) will roll over Forward Contracts maturing in October

At its meeting today, the Board of Directors of the Central Bank (BDBR) decided to roll over the non-delivery forward contracts for the sale of US dollars through auctions held on the dates of maturing contracts until 30 October 2020.

Banco de la República (the Central Bank of Colombia) will roll over Forward Contracts maturing in September

At its meeting today, the Board of Directors of the Central Bank (BDBR) decided to roll over non-delivery forward contracts for the sale of US dollars through auctions held on the dates of maturing contracts until 25 September (i.e., the date of the Board's meeting in September).

Banco de la República expands support to liquidity of the economy in pesos and US dollars

The Board of Directors of Banco de la República (BDBR), in its session today, adopted measures that reinforce those taken in previous days to ensure liquidity of the economy both in US dollars and in pesos.

Banco de la República Includes Solidarity Bonds in its Liquidity Operations

Banco de la República (the Central Bank of Colombia) hereby informs that as of today (16 April 2020) solidarity bonds will be included as eligible instruments in its liquidity operations (repo, definitive purchases, and the lender of last resort facility). The list of agents, eligible instruments,…

Banco de la República increases International Reserves through the Direct Purchase of USD 2,000 Million to the National Government

With the aim of increasing international reserves, and taking into account the monetization of US dollars foreseen by the National Government, the Central Bank of Colombia bought USD 2,000 million through the General Directorate of Public Credit and National Treasury of the Ministry of Finance and…

Banco de la República injects permanent liquidity to the economy by reducing reserve requirements and reinforces intervention in the public debt market

In its extraordinary session today, the Board of Directors of Banco de la República (the Central Bank of Colombia) decided to inject permanent liquidity to the economy by reducing reserve requirements as follows:

Banco de la República profits COP 632 billion in 2021

Banco de la República's board of directors (BDBR) on Feb. 25 approved the Bank's 2021 financial statements. The Bank's auditor general and the external auditing firm KPMG S.A.S. both issued unqualified opinions. The office of Colombia's financial superintendent previously authorized the financial…

Banco de la República reinforces Liquidity Supply

With the purpose of reinforcing the adequate supply of liquidity to the economy and support the credit supply required by corporations and households, at its meeting today, the Board of Directors of the Central Bank of Colombia (BDBR) decided to maintain the REPO collateralized with bank credit…

Banco de la República Reinforces Liquidity Supply and Supports Credit Supply

With the purpose of reinforcing the adequate supply of liquidity to the economy and supporting the credit supply required by firms and households, the Board of Directors, at its meeting today, authorized the Central Bank to carry out repo operations collateralized with bank credit claims for up to…

Banco de la República reinforces measures to ensure liquidity in the economy in pesos and US dollars

The Board of Directors of Banco de la República, in an extraordinary session today with guest attendance of the Financial Superintendent, adopted measures to reinforce those taken in previous days to ensure liquidity in the economy in both pesos and US dollars and in financial markets in order to…