The Macroprudential Policy Framework in Colombia

26 Pages Posted: 24 Jan 2018

See all articles by Hernando Vargas

Hernando Vargas

Banco de la República

Pamela A Cardozo

Banco de la República

Andrés Murcia

Banco de la República

Date Written: December 2017

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.

Full Publication: Macroprudential Frameworks, Implementation and Relationship with Other Policies

Keywords: macroprudential policy, financial stability, financial regulation, financial safety net, central banking, Colombia

JEL Classification: E51, E58, F32, F38, G18, G28

Suggested Citation

Vargas, Hernando and Cardozo, Pamela A and Murcia, Andrés, The Macroprudential Policy Framework in Colombia (December 2017). BIS Paper No. 94i, Available at SSRN: https://ssrn.com/abstract=3103125

Hernando Vargas (Contact Author)

Banco de la República ( email )

Carrera 7 #14-78
Bogota
Colombia

Pamela A Cardozo

Banco de la República ( email )

Carrera 7 #14-78
3551 de Bogotá
Colombia

Andrés Murcia

Banco de la República ( email )

Carrera 7 #14-78
3551 de Bogotá
Colombia

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
57
Abstract Views
539
Rank
697,684
PlumX Metrics