Spanish Abstract: Desde la firma de la Constitución de 1991, el Banco de la República colombiano se constituye como persona jurídica de derecho público que debe velar por el mantenimiento de la capacidad adquisitiva de la moneda1. Esto implica, que la política monetaria operará bajo el...

This paper focuses on the implementation of the BCRA's monetary policy from the end of the convertibility regime to the present. The issuance of interest-bearing liabilities was a central element that gave the BCRA operational autonomy to implement its monetary policy within diverse...

This paper focuses on the implementation of the BCRA's monetary policy from the end of the convertibility regime to the present. The issuance of interest-bearing liabilities was a central element that gave the BCRA operational autonomy to implement its monetary policy within diverse...

This paper contributes to the debate regarding national government debt. It asks if government should excise public debt through inflation or pay it as it was stipulated, and argues that, from an economic and social point of view, what is desirable is the just fulfillment of State obligations....