Banrep, highlighted among the best central banks in the world

An article published by Central Bankingthe leading central banking magazine in the world, ranked Banco de la República’s research team as the best in Latin America and number 14 worldwide.

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This classification is made based on the publications of the researchers of each research team. The top 20 is led by six from research teams that are part of the US Federal Reserve system. (Federal Reserve Board and the FEDs of New York, Chicago, Minneapolis, Saint Louis and Dallas). Another five are part of the European Central Bank system (the ECB itself and the banks of Italy, Spain and France). And teams from the International Monetary Fund (IMF), the Bank for International Settlements (BIS), and the Bank of England.

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The Banco de la República said that research is fundamental in fulfilling its constitutional mandate and essential for decision-making. In addition, he said, it contributes to public understanding of the economy. For this reason, he assured that he has a team dedicated to research and a larger group of researchers by departments.

According to the Central Banking article, “Good central bank research tends to be work that says something new, exerts influence and supports policy. To some extent, these elements can be summarized by quantitative metrics.”

1. International Monetary Fund

two. European Central Bank

3. Federal Reserve Board

Four. Bank for International Settlements

5. Federal Reserve Bank of New York

6. Bank of Italy

7. Federal Reserve Bank of Chicago

8. Federal Reserve Bank of Minneapolis

9. Federal Reserve Bank of St.Louis

10. Bank of England

eleven. Bank of Spain

12. Federal Reserve Bank of Dallas