Colombia
Central Bank of Colombia paper models transparency incentives
Working paper evaluates central bank incentives to misrepresent private information; finds central banks cannot credibly commit to truth-telling
Central Bank of Colombia paper evaluates CrashMetrics risk estimation
Researchers examine CrashMetrics risk estimation methodology; find it makes better predictions during crises than traditional stress tests
Bank of Colombia rate-setters air inflation concerns
Board of directors unanimously left policy rate unchanged but discussion over inflationary pressures as revealed by minutes shows split over severity of threat
Bank of Colombia research studies intraday liquidity risk regulation
Colombia central bank working paper finds structural shifts in the intraday liquidity market are the result of evolution rather than market shocks
Central Bank of Colombia minutes reveal dispute
Minutes from recent Colombian central bank board of director's meeting show split over whether to raise benchmark rate
Q&A: Central Bank of Colombia governor José Darío Uribe
The governor of the Central Bank of Colombia talks to Christopher Jeffery about the challenges the bank faced during the global financial crisis and its objectives for the future in a changing regulatory environment
Colombia's Uribe explains why he is still raising rates
Central Bank of Colombia governor, José Darío Uribe, says rapid credit growth and inflation risks outweighed concerns about global economy; adds monetary tightening has worked elsewhere
Identifying Sifis: Central Bank of Colombia paper
Central Bank of Colombia releases a working paper outlining a method to establish the systemic importance of financial institutions; offers an alternative method to the BIS
Latin American and South-east Asian central banks confer
First Seacen-Cemla conference held in Malaysia; shows increasing cooperation between central banks, particularly in emerging markets
Fitch upgrades Colombia and Philippines
Fitch upgrades Colombia and Philippines one notch each as emerging markets bolster public finances; outlook reflects solid macroeconomic policies and strong public finances
Brazil slams IMF proposal on capital controls
Brazil’s finance minister Guido Mantega rejects IMF proposals for establishment of framework on capital controls; attacks Fund’s laissez-faire policy on capital movements
Central Bank of Colombia paper on too-connected-to-fail
Central Bank of Colombia study calls for too-connected-to-fail rather than traditional too-big-to-fail approach
Policy reform provided shelter from global storm: IMF paper
IMF research examines how monetary policy reform in Latin America enabled economies there to weather the global financial crisis
Colombia revisits currency redenomination debate
Central Bank of Colombia governor José Darío Uribe says there are benefits to be had from redenominating peso, despite costs
Peru raises reserve requirement in bid to stem capital inflows
Central Bank of Peru increases reserve requirement on overseas loans to 75%
Venezuela cautiously reopens forex markets
Central Bank of Venezuela introduces tough rules for new regulated foreign currency market; bond trades will be carried out on new system under central bank's watch
Rates on hold – Colombian minutes
Minutes of the Colombian central bank’s December policy meeting show inflation is not yet a concern
Uribe: restricted FX exposure helped Colombia
Central Bank of Colombia’s José Dario Uribe says the limited exposure of the country’s corporate sector to currency risk sheltered it from Lehman’s collapse
Floating rate key defence, says Colombia’s Uribe
Central Bank of Colombia’s José Uribe says a flexible exchange rate proved crucial in coping with the global financial crisis
Colombia requests "insurance" credit line from IMF
Colombia became the second Latin American country this year to ask for a credit line from the International Monetary Fund (IMF), when it requested $10.4 billion to help it withstand the global financial crisis.
Banco de la Republica, Colombia - minutes
The board of directors of the Banco de la Republica, Colombia decided unanimously to cut the intervention rate by a half a basis point to 9.50%, the minutes of the 19 December meeting show.
Colombia fights above-target inflation
The board of directors of the Banco de la Republica Colombia were unanimous in deciding to raise the central bank's benchmark rate by 25 basis points to 10%, the minutes of the 25 July meeting show.
Banco de la Republica, Colombia minutes
The board of directors of the Banco de la Republica Colombia decided unanimously to leave the intervention rate at 9.75%, the minutes of the 20 June meeting show.
Colombia's communication challenge
Jose Dario Uribe, the governor of the Banco de la Republica, is well aware of the dangers of letting above-target inflation influence long-term price expectations. But it is trickier convincing others