Details about Hernando Vargas-Herrera

E-mail:
Homepage:	http://www.banrep.gov.co/hernando-vargas
Workplace:	Banco de la Republica de Colombia (Central Bank of Colombia), (more information at EDIRC)

Access statistics for papers by Hernando Vargas-Herrera.

Last updated 2023-10-04. Update your information in the RePEc Author Service.

Short-id: pva756

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Working Papers

2024

1. Some trends and patterns of firm financing in Colombia
   Borradores de Economia, Banco de la Republica de Colombia

2023

2. The labor market in Colombia: Structural features and the role of wages in the post-pandemic inflationary surge
   Borradores de Economia, Banco de la Republica de Colombia View citations (1)
3. The monetary and macroprudential policy framework in Colombia in the last 30 years: the lessons learnt and the challenges for the future
   Borradores de Economia, Banco de la Republica de Colombia
   Also in Working papers, Red Investigadores de Economía (2023)
   See also Chapter The monetary and macroprudential policy framework in Colombia in the last 30 years: lessons learnt and challenges for the future, BIS Papers chapters, Bank for International Settlements (2023) (2023)

2020

4. 4GM: A New Model for the Monetary Policy Analysis in Colombia
   Borradores de Economia, Banco de la Republica de Colombia View citations (8)
   Also in Working papers, Red Investigadores de Economía (2020) View citations (8)
5. Effects of foreign participation in the colombian local public debt market on domestic financial conditions
   Working papers, Red Investigadores de Economía View citations (4)
   Also in Borradores de Economia, Banco de la Republica de Colombia (2020) View citations (4)

2019

6. Effectiveness of FX Intervention and the Flimsiness of Exchange rate Expectations
   Borradores de Economia, Banco de la Republica de Colombia View citations (5)
   See also Journal Article Effectiveness of FX intervention and the flimsiness of exchange rate expectations, Journal of Financial Stability, Elsevier (2024) View citations (4) (2024)
7. International Reserve Policy and Effectiveness of Sterilized FX Intervention in Colombia
   Borradores de Economia, Banco de la Republica de Colombia View citations (4)
   See also Chapter International reserve policy and the effectiveness of sterilized FX intervention in Colombia, BIS Papers chapters, Bank for International Settlements (2019) View citations (5) (2019)

2017

8. The macroprudential policy framework in Colombia
   Borradores de Economia, Banco de la Republica de Colombia View citations (3)
   See also Chapter The macroprudential policy framework in Colombia, BIS Papers chapters, Bank for International Settlements (2017) View citations (5) (2017)

2016

9. Inflation Expectations and a Model-Based Core Inflation Measure in Colombia
   Borradores de Economia, Banco de la Republica de Colombia View citations (2)
   Also in Borradores de Economia, Banco de la Republica (2016) View citations (2)
   See also Chapter Inflation expectations and a model-based core inflation measure in Colombia, BIS Papers chapters, Bank for International Settlements (2016) View citations (2) (2016)
10. La estrategia de inflación objetivo en Colombia. Una visión histórica
    Borradores de Economia, Banco de la Republica de Colombia View citations (1)

2015

11. Financial Transaction Tax and Banking Margins: An Empirical Note for Colombia
    Borradores de Economia, Banco de la Republica de Colombia
    See also Journal Article Financial transaction tax and banking margins: An empirical note for Colombia, Revista ESPE - Ensayos Sobre Política Económica, Banco de la República (2017) (2017)
12. Labor Exclusion and the Erosion of Citizenship Responsibilities
    IDB Publications (Working Papers), Inter-American Development Bank View citations (12)
13. Macroeconomic gains from structural fiscal policy adjustments: the case of Colombia
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library
    See also Journal Article Macroeconomic Gains from Structural Fiscal Policy Adjustments: The Case of Colombia, Economía Journal, The Latin American and Caribbean Economic Association - LACEA (2015) View citations (6) (2015)

2014

14. An Empirical Analysis of the Relationship between US and Colombian Long-Term Sovereign Bond Yields
    Borradores de Economia, Banco de la Republica de Colombia View citations (12)
    Also in Borradores de Economia, Banco de la Republica (2014) View citations (12)
    See also Journal Article An Empirical Analysis of the Relationship between US and Colombian Long-Term Sovereign Bond Yields, Revista ESPE - Ensayos Sobre Política Económica, Banco de la República (2014) View citations (13) (2014)
    Chapter An empirical analysis of the relationship between US and Colombian long-term sovereign bond yields, BIS Papers chapters, Bank for International Settlements (2014) View citations (13) (2014)

2013

15. Foreign Exchange Intervention in Colombia
    Borradores de Economia, Banco de la Republica de Colombia View citations (4)
    Also in Borradores de Economia, Banco de la Republica (2013) View citations (3)
    See also Chapter Foreign exchange intervention in Colombia, BIS Papers chapters, Bank for International Settlements (2013) View citations (15) (2013)

2012

16. El uso de encajes en un marco de política monetaria óptima
    Borradores de Economia, Banco de la Republica de Colombia View citations (2)
    Also in Borradores de Economia, Banco de la Republica (2012) View citations (2)
    See also Journal Article El uso de encajes en un marco de política monetaria óptima, Revista Desarrollo y Sociedad, Universidad de los Andes,Facultad de Economía, CEDE (2013) View citations (3) (2013)
17. Macroeconomic Effects of Structural Fiscal Policy Changes in Colombia
    Borradores de Economia, Banco de la Republica de Colombia View citations (23)
    Also in Borradores de Economia, Banco de la Republica (2012) View citations (21)
    See also Chapter Macroeconomic effects of structural fiscal policy changes in Colombia, BIS Papers chapters, Bank for International Settlements (2012) View citations (26) (2012)
18. The Use of Reserve Requirements in an Optimal Monetary Policy Framework
    Borradores de Economia, Banco de la Republica View citations (5)
    Also in Borradores de Economia, Banco de la Republica de Colombia (2012) View citations (5)

2011

19. Monetary Policy and the Exchange Rate in Colombia
    Borradores de Economia, Banco de la Republica
    Also in Borradores de Economia, Banco de la Republica de Colombia (2011) View citations (14)
    See also Chapter Monetary policy and the exchange rate in Colombia, BIS Papers chapters, Bank for International Settlements (2011) View citations (24) (2011)

2010

20. Efectos de la política monetaria sobre las tasas de interés de los créditos hipotecarios en Colombia
    Borradores de Economia, Banco de la Republica View citations (4)
    Also in Borradores de Economia, Banco de la Republica de Colombia (2010) View citations (4)
    See also Journal Article Efectos de la política monetaria sobre las tasas de interés de los créditos hipotecarios en Colombia, Revista Desarrollo y Sociedad, Universidad de los Andes,Facultad de Economía, CEDE (2010) View citations (5) (2010)
21. Effects of Reserve Requirements in an Inflation Targeting Regime: The Case of Colombia
    Borradores de Economia, Banco de la Republica View citations (30)
    Also in Borradores de Economia, Banco de la Republica de Colombia (2010) View citations (9)
    See also Chapter Effects of reserve requirements in an inflation targeting regime: the case of Colombia, BIS Papers chapters, Bank for International Settlements (2011) View citations (11) (2011)

2009

22. Assessing Inflationary Pressures in Colombia
    Borradores de Economia, Banco de la Republica de Colombia View citations (12)
    Also in Borradores de Economia, Banco de la Republica (2009) View citations (11)
    See also Chapter Assessing inflationary pressures in Colombia, BIS Papers chapters, Bank for International Settlements (2010) View citations (7) (2010)

2008

23. Capital Flows and Financial Assets in Colombia: Recent Behavior, Consequences and Challenges for the Central Bank
    Borradores de Economia, Banco de la Republica View citations (7)
    Also in Borradores de Economia, Banco de la Republica de Colombia (2008) View citations (10)
    See also Chapter Capital flows and financial assets in Colombia: recent behaviour, consequences and challenges for the central bank, BIS Papers chapters, Bank for International Settlements (2008) View citations (19) (2008)
24. Encajes bancarios y la estrategia de inflación objetivo
    Borradores de Economia, Banco de la Republica View citations (2)
    Also in Borradores de Economia, Banco de la Republica de Colombia (2008) View citations (14)

2007

25. The Transmission Mechanism of Monetary Policy in Colombia Major Changes and Current Features
    Borradores de Economia, Banco de la Republica de Colombia View citations (1)
    Also in Borradores de Economia, Banco de la Republica (2007) View citations (2)
    See also Chapter The transmission mechanism of monetary policy in Colombia: major changes and current features, BIS Papers chapters, Bank for International Settlements (2008) View citations (10) (2008)
26. Transmisión de tasas de interés en Colombia: una visión microbancaria
    Temas de Estabilidad Financiera, Banco de la Republica de Colombia View citations (2)

2006

27. EL RIESGO DE MERCADO DE LA DEUDA PÚBLICA:¿UNA RESTRICCIÓN A LA POLÍTICA MONETARIA?EL CASO COLOMBIANO
    Borradores de Economia, Banco de la Republica
    Also in Borradores de Economia, Banco de la Republica de Colombia (2006)
28. INTEREST RATE PASS-THROUGH IN COLOMBIA: A MICRO- BANKING PERSPECTIVE
    Borradores de Economia, Banco de la Republica View citations (9)
    Also in Borradores de Economia, Banco de la Republica de Colombia (2006) View citations (5)
    See also Journal Article Interest Rate Pass-Through in Colombia: a Micro-Banking Perspective, Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile. (2008) View citations (13) (2008)
29. PENSION FUND MANAGERS BEHAVIOR IN THE FOREIGN EXCHANGE MARKET
    Borradores de Economia, Banco de la Republica de Colombia View citations (2)
    Also in Borradores de Economia, Banco de la Republica (2006) View citations (4)

2005

30. Exchange Rate Policy and Inflation Targeting in Colombia
    Research Department Publications, Inter-American Development Bank, Research Department View citations (6)
    Also in IDB Publications (Working Papers), Inter-American Development Bank (2005) View citations (2)
31. Política cambiaria y la fijación de metas inflacionarias en Colombia
    Research Department Publications, Inter-American Development Bank, Research Department

2002

32. FINANCIAL REFORM, CRISIS AND CONSOLIDATION IN COLOMBIA
    Borradores de Economia, Banco de la Republica View citations (21)
    Also in Borradores de Economia, Banco de la Republica de Colombia (2002) View citations (20)
33. THE IMPLEMENTATION OF INFLATION TARGETING IN COLOMBIA
    Borradores de Economia, Banco de la Republica View citations (67)
    Also in Borradores de Economia, Banco de la Republica de Colombia (2002) View citations (27)

1997

34. Apertura, Encajes e Intermediación Financiera
    Borradores de Economia, Banco de la Republica
    Also in Borradores de Economia, Banco de la Republica de Colombia (1997) View citations (1)
    See also Journal Article APERTURA, ENCAJES E INTERMEDIACIÓN FINANCIERA, Revista ESPE - Ensayos Sobre Política Económica, Banco de la República (1996) View citations (1) (1996)

1996

35. CENTRAL BANK INDEPENDENCE AND FOREIGN EXCHANGE POLICIES IN LATIN AMERICA
    Borradores de Economia, Banco de la Republica View citations (6)
    Also in Borradores de Economia, Banco de la Republica de Colombia (1996) View citations (8)

1995

36. LA RELACIÓN ENTRE EL CRÉDITO Y LA INFLACIÓN
    Borradores de Economia, Banco de la Republica
    Also in Borradores de Economia, Banco de la Republica de Colombia (1995)
37. SOBRE LAS CONSECUENCIAS DE LAS AMENAZAS A LA INDEPENDENCIA DEL BANCO CENTRAL
    Borradores de Economia, Banco de la Republica
    Also in Borradores de Economia, Banco de la Republica de Colombia (1995)

1994

38. A QUE JUEGAN EL GOBIERNO Y UN BANCO CENTRAL INDEPENDIENTE?
    Borradores de Economia, Banco de la Republica
    Also in Borradores de Economia, Banco de la Republica de Colombia (1994)
    See also Journal Article ¿A QUÉ JUEGAN EL GOBIERNO Y UN BANCO CENTRAL INDEPENDIENTE?, Revista ESPE - Ensayos Sobre Política Económica, Banco de la República (1994) View citations (1) (1994)

Journal Articles

2024

1. Effectiveness of FX intervention and the flimsiness of exchange rate expectations
   Journal of Financial Stability, 2024, 74, (C) View citations (4)
   See also Working Paper Effectiveness of FX Intervention and the Flimsiness of Exchange rate Expectations, Borradores de Economia (2019) View citations (5) (2019)

2021

2. How foreign participation in the Colombian local public debt market has influenced domestic financial conditions
   Latin American Journal of Central Banking (previously Monetaria), 2021, 2, (4) View citations (2)
   See also Chapter How foreign participation in the Colombian local public debt market has influenced domestic financial conditions, BIS Papers chapters, 2020, 113, 83-119 (2020) View citations (1) (2020)

2017

3. Financial transaction tax and banking margins: An empirical note for Colombia
   Revista ESPE - Ensayos Sobre Política Económica, 2017, 35, (83), 154-160
   Also in Revista ESPE - Ensayos sobre Política Económica, 2017, 35, (83), 154-160 (2017)
   See also Working Paper Financial Transaction Tax and Banking Margins: An Empirical Note for Colombia, Borradores de Economia (2015) (2015)

2015

4. Macroeconomic Gains from Structural Fiscal Policy Adjustments: The Case of Colombia
   Economía Journal, 2015, Volume 15 Number 2, (Spring 2015), 39-81 View citations (6)
   See also Working Paper Macroeconomic gains from structural fiscal policy adjustments: the case of Colombia, LSE Research Online Documents on Economics (2015) (2015)

2014

5. An Empirical Analysis of the Relationship between US and Colombian Long-Term Sovereign Bond Yields
   Revista ESPE - Ensayos Sobre Política Económica, 2014, 32, (74), 68-86 View citations (13)
   Also in Revista ESPE - Ensayos sobre Política Económica, 2014, 32, (74), 68-86 (2014) View citations (12)
   See also Working Paper An Empirical Analysis of the Relationship between US and Colombian Long-Term Sovereign Bond Yields, Borradores de Economia (2014) View citations (12) (2014)
   Chapter An empirical analysis of the relationship between US and Colombian long-term sovereign bond yields, BIS Papers chapters, 2014, 78, 129-158 (2014) View citations (13) (2014)

2013

6. El uso de encajes en un marco de política monetaria óptima
   Revista Desarrollo y Sociedad, 2013 View citations (3)
   See also Working Paper El uso de encajes en un marco de política monetaria óptima, Borradores de Economia (2012) View citations (2) (2012)

2010

7. Efectos de la política monetaria sobre las tasas de interés de los créditos hipotecarios en Colombia
   Revista Desarrollo y Sociedad, 2010 View citations (5)
   See also Working Paper Efectos de la política monetaria sobre las tasas de interés de los créditos hipotecarios en Colombia, Borradores de Economia (2010) View citations (4) (2010)
8. Fiscal Policy Restrictions on Inflation Targeting: A Political Economy Approach
   Revista Desarrollo y Sociedad, 2010

2009

9. Encajes bancarios y tasas de interés
   Revista ESPE - Ensayos Sobre Política Económica, 2009, 27, (59), 158-186 View citations (10)
   Also in Revista ESPE - Ensayos sobre Política Económica, 2009, 27, (59), 158-186 (2009) View citations (2)

2008

10. Interest Rate Pass-Through in Colombia: a Micro-Banking Perspective
    Latin American Journal of Economics-formerly Cuadernos de Economía, 2008, 45, (131), 29-58 View citations (13)
    See also Working Paper INTEREST RATE PASS-THROUGH IN COLOMBIA: A MICRO- BANKING PERSPECTIVE, Borradores de Economia (2006) View citations (9) (2006)

2007

11. Pension Fund Managers and the Structure of the Foreign Exchange Market
    Revista ESPE - Ensayos Sobre Política Económica, 2007, 25, (54), 122-155
    Also in Revista ESPE - Ensayos sobre Política Económica, 2007, 25, (54), 122-155 (2007)

1996

12. APERTURA, ENCAJES E INTERMEDIACIÓN FINANCIERA
    Revista ESPE - Ensayos Sobre Política Económica, 1996, 15, (30), 5-40 View citations (1)
    Also in Revista ESPE - Ensayos sobre Política Económica, 1996, 15, (30), 5-40 (1996)
    See also Working Paper Apertura, Encajes e Intermediación Financiera, Borradores de Economia (1997) (1997)

1994

13. ¿A QUÉ JUEGAN EL GOBIERNO Y UN BANCO CENTRAL INDEPENDIENTE?
    Revista ESPE - Ensayos Sobre Política Económica, 1994, 12, (26), 93-124 View citations (1)
    Also in Revista ESPE - Ensayos sobre Política Económica, 1994, 13, (26), 93-124 (1994) View citations (2)
    See also Working Paper A QUE JUEGAN EL GOBIERNO Y UN BANCO CENTRAL INDEPENDIENTE?, Borradores de Economia (1994) (1994)

1990

14. Respuesta al comentario de Javier Fernández R. al artículo de Gómez y Vargas
    Revista ESPE - Ensayos Sobre Política Económica, 1990, 9, (17), 115-125
    Also in Revista ESPE - Ensayos sobre Política Económica, 1990, 9, (17), 115-125 (1990)

1989

15. El diseno de una política óptima de encajes para el sistema bancario
    Revista ESPE - Ensayos Sobre Política Económica, 1989, 8, (16), 45-65
    Also in Revista ESPE - Ensayos sobre Política Económica, 1989, 8, (16), 45-65 (1989)
16. Sensibilidad De La Tasa De Interes Activa De Los Bancos A Cambios En Los Parametros De Politica Y Estructura: Actualizacion Y Segunda Nota Metodológica
    Revista ESPE - Ensayos Sobre Política Económica, 1989, 8, (15), 113-118
    Also in Revista ESPE - Ensayos sobre Política Económica, 1989, 8, (15), 113-118 (1989)

Books

2023

1. Historia del Banco de la República, cien años
   Books, Banco de la Republica de Colombia

Edited books

2018

1. Ensayos sobre crecimiento económico en Colombia
   Books, Banco de la Republica de Colombia

Chapters

2023

1. The monetary and macroprudential policy framework in Colombia in the last 30 years: lessons learnt and challenges for the future
   A chapter in Central banking in the Americas: Lessons from two decades, 2023, vol. 143, pp 87-112
   See also Working Paper The monetary and macroprudential policy framework in Colombia in the last 30 years: the lessons learnt and the challenges for the future, Banco de la Republica de Colombia (2023) (2023)

2022

2. Some thoughts about the issuance of a retail CBDC in Colombia
   A chapter in CBDCs in emerging market economies, 2022, vol. 123, pp 49-64
3. The Covid-19 shock and the monetary policy response in Colombia
   A chapter in The monetary-fiscal policy nexus in the wake of the pandemic, 2022, vol. 122, pp 79-114

2020

4. How foreign participation in the Colombian local public debt market has influenced domestic financial conditions
   A chapter in Financial market development, monetary policy and financial stability in emerging market economies, 2020, vol. 113, pp 83-119 View citations (1)
   See also Journal Article How foreign participation in the Colombian local public debt market has influenced domestic financial conditions, Elsevier (2021) View citations (2) (2021)

2019

5. International reserve policy and the effectiveness of sterilized FX intervention in Colombia
   A chapter in Reserve management and FX intervention, 2019, vol. 104, pp 103-116 View citations (5)
   See also Working Paper International Reserve Policy and Effectiveness of Sterilized FX Intervention in Colombia, Banco de la Republica de Colombia (2019) View citations (4) (2019)

2018

6. International trade networks and the integration of Colombia into global trade
   A chapter in Globalisation and deglobalisation, 2018, vol. 100, pp 105-123

2017

7. La estrategia de inflación objetivo en Colombia
   Chapter 11 in Historia del Banco de la República 1923-2015, 2017, pp 465-539
8. La implementación del régimen de meta de inflación en Colombia
   Chapter 13 in Tres banqueros centrales, 2017, pp 327-390
9. The macroprudential policy framework in Colombia
   A chapter in Macroprudential policy frameworks, implementation and relationships with other policies, 2017, vol. 94, pp 103-128 View citations (5)
   See also Working Paper The macroprudential policy framework in Colombia, Banco de la Republica de Colombia (2017) View citations (3) (2017)

2016

10. Inflation expectations and a model-based core inflation measure in Colombia
    A chapter in Inflation mechanisms, expectations and monetary policy, 2016, vol. 89, pp 123-151 View citations (2)
    See also Working Paper Inflation Expectations and a Model-Based Core Inflation Measure in Colombia, Banco de la Republica de Colombia (2016) View citations (2) (2016)

2015

11. Changes in Colombian financial markets over the past decade
    A chapter in What do new forms of finance mean for EM central banks?, 2015, vol. 83, pp 113-136

2014

12. An empirical analysis of the relationship between US and Colombian long-term sovereign bond yields
    A chapter in The transmission of unconventional monetary policy to the emerging markets, 2014, vol. 78, pp 129-158 View citations (13)
    See also Journal Article An Empirical Analysis of the Relationship between US and Colombian Long-Term Sovereign Bond Yields, Banco de la República (2014) View citations (13) (2014)
    Working Paper An Empirical Analysis of the Relationship between US and Colombian Long-Term Sovereign Bond Yields, Banco de la Republica de Colombia (2014) View citations (12) (2014)

2013

13. Foreign exchange intervention in Colombia
    A chapter in Sovereign risk: a world without risk-free assets?, 2013, vol. 73, pp 95-125 View citations (15)
    See also Working Paper Foreign Exchange Intervention in Colombia, Banco de la Republica de Colombia (2013) View citations (4) (2013)

2012

14. Comments on A Durré and H Pill's paper "Central bank balance sheets as policy tools"
    A chapter in Are central bank balance sheets in Asia too large?, 2012, vol. 66, pp 214-217
15. Macroeconomic effects of structural fiscal policy changes in Colombia
    A chapter in Fiscal policy, public debt and monetary policy in emerging market economies, 2012, vol. 67, pp 119-160 View citations (26)
    See also Working Paper Macroeconomic Effects of Structural Fiscal Policy Changes in Colombia, Banco de la Republica de Colombia (2012) View citations (23) (2012)

2011

16. Effects of reserve requirements in an inflation targeting regime: the case of Colombia
    A chapter in The global crisis and financial intermediation in emerging market economies, 2011, vol. 54, pp 133-169 View citations (11)
    See also Working Paper Effects of Reserve Requirements in an Inflation Targeting Regime: The Case of Colombia, Banco de la Republica (2010) View citations (30) (2010)
17. Monetary policy and the exchange rate in Colombia
    A chapter in Capital flows, commodity price movements and foreign exchange intervention, 2011, vol. 57, pp 129-153 View citations (24)
    See also Working Paper Monetary Policy and the Exchange Rate in Colombia, Banco de la Republica (2011) (2011)

2010

18. Assessing inflationary pressures in Colombia
    A chapter in Monetary policy and the measurement of inflation: prices, wages and expectations, 2010, vol. 49, pp 129-171 View citations (7)
    See also Working Paper Assessing Inflationary Pressures in Colombia, Banco de la Republica de Colombia (2009) View citations (12) (2009)

2008

19. Capital flows and financial assets in Colombia: recent behaviour, consequences and challenges for the central bank
    A chapter in Financial globalisation and emerging market capital flows, 2008, vol. 44, pp 153-184 View citations (19)
    See also Working Paper Capital Flows and Financial Assets in Colombia: Recent Behavior, Consequences and Challenges for the Central Bank, Banco de la Republica (2008) View citations (7) (2008)
20. The transmission mechanism of monetary policy in Colombia: major changes and current features
    A chapter in Transmission mechanisms for monetary policy in emerging market economies, 2008, vol. 35, pp 183-211 View citations (10)
    See also Working Paper The Transmission Mechanism of Monetary Policy in Colombia Major Changes and Current Features, Banco de la Republica de Colombia (2007) View citations (1) (2007)

2006

21. Public Debt Market Risk: The Effects on the Financial System and on Monetary Policy - The Case of Colombia
    A chapter in The banking system in emerging economies: how much progress has been made?, 2006, vol. 28, pp 189-201 View citations (7)