The macroprudential policy framework in Colombia

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Borradores de Economía; No. 1014
Date published
2017-09-13
Date of last update
2017-09-13
Author
Vargas-Herrera, Hernando
Cardozo-Ortiz, Pamela Andrea
Murcia, Andrés
Document language
eng
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
Abstract
Macroprudential policy in Colombia is described along with a discussion of the main challenges faced by the authorities in implementing it and a review of episodes in which macroprudential measures were taken. An overview and some estimates of their effectiveness in preventing the buildup of imbalances, increasing buffers and cushioning downswings are presented.
JEL Codes
G18 - General Financial Markets: Government Policy and RegulationE51 - Money Supply; Credit; Money MultipliersE58 - Central Banks and Their PoliciesF32 - Current Account Adjustment; Short-Term Capital MovementsF38 - International Financial Policy: Financial Transactions Tax; Capital ControlsG28 - Financial Institutions and Services: Government Policy and Regulation
Subject
Política macroprudencial ; Estabilidad financiera ; Regulación financiera ; Red de seguridad financiera ; Bancos centrales ; Colombia ;
Keywords
Macroprudential policy ; Financial stability ; Financial regulation ; Financial safety net ; Central banking ; Colombia ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/6327
https://hdl.handle.net/20.500.12134/6327
https://doi.org/10.32468/be.1014
https://ideas.repec.org/p/bdr/borrec/1014.html
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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit