In this paper we use Colombian manufacturing data on exports and external financing for the period 1998 − 2006 to estimate the credit elasticity of exports. We use bank-firm linked data to construct a supply side instrument for a manufacturer’s demand of credit, which we use to address the...

We show corporate-level real, financial, and (bank) risk-taking effects associated with calculating loan provisions based on expected—rather than incurred—credit losses. For identification, we exploit unique features of a Colombian reform and supervisory, matched loan-level data. The...

Financial system´s health is a signal of economic growth therefore it is a key indicator toinvestors. As a consequence, one of the main purposes of policymakers is to keep itsstability as well as protect it from foreign activity. Both financial and economic activity ingeneral are susceptible of...

Este documento se concentra en el estudio de las diferencias salariales mediante la comparación de las distribuciones de los salarios para las siete principales ciudades colombianas en el periodo 2001-2005 con datos de la Encuesta Continua de Hogares. Se detectan diferencias significativas que...

Financial system’s health is a signal of economic growth therefore it is a key indicator to investors. As a consequence, one of the main purposes of policymakers is to keep its stability as well as protect it from foreign activity. Both financial and economic activity in general are...

In this paper, I use Colombian data from 1996-2013 to construct two datasets that are used to assess whether the China Shock has affected the future growth rates of productivity, employment level, workforce composition, wages, export performance, and informal employment levels within Colombias...