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Colombia; Selected Issues Paper

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  • International Monetary Fund

Abstract

This Selected Issues paper on Colombia shows that achieving investment grade status would help lower financing costs for the sovereign, and expand the pool of potential buyers of the Colombian economy. Colombia’s debt levels as of end-2008 were broadly similar to the average for investment grade emerging markets, suggesting that other indicators are taken into account in rating agencies’ assessments. A stronger process of fiscal consolidation that results in a significant decline in public sector debt could help compensate the structural weaknesses.

Suggested Citation

  • International Monetary Fund, 2010. "Colombia; Selected Issues Paper," IMF Staff Country Reports 10/106, International Monetary Fund.
  • Handle: RePEc:imf:imfscr:10/106
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=23822
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    References listed on IDEAS

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    1. Gambacorta, Leonardo, 2005. "Inside the bank lending channel," European Economic Review, Elsevier, vol. 49(7), pages 1737-1759, October.
    2. José Gómez-González & Fernando Grosz, 2007. "Evidence of a Bank Lending Channel for Argentina and Colombia," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 44(129), pages 109-126.
    3. José E. Gómez González & Paola Morales Acevedo, 2009. "Bank Lending Channel of Monetary Policy: Evidence for Colombia, Using a Firms´ Panel," BORRADORES DE ECONOMIA 005219, BANCO DE LA REPÚBLICA.
    4. Matousek, Roman & Sarantis, Nicholas, 2009. "The bank lending channel and monetary transmission in Central and Eastern European countries," Journal of Comparative Economics, Elsevier, vol. 37(2), pages 321-334, June.
    5. Marcucci, Juri & Quagliariello, Mario, 2008. "Is bank portfolio riskiness procyclical: Evidence from Italy using a vector autoregression," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 18(1), pages 46-63, February.
    6. Albertazzi, Ugo & Gambacorta, Leonardo, 2009. "Bank profitability and the business cycle," Journal of Financial Stability, Elsevier, vol. 5(4), pages 393-409, December.
    7. Fabian Valencia & Luc Laeven, 2008. "Systemic Banking Crises; A New Database," IMF Working Papers 08/224, International Monetary Fund.
    8. Andrea M. Maechler & Alexander F. Tieman, 2009. "The Real Effects of Financial Sector Risk," IMF Working Papers 09/198, International Monetary Fund.
    9. Altunbas, Yener & Fazylov, Otabek & Molyneux, Philip, 2002. "Evidence on the bank lending channel in Europe," Journal of Banking & Finance, Elsevier, vol. 26(11), pages 2093-2110, November.
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