The Macroprudential Policy Framework in Colombia

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