Since the 1960s Colombia has exhibited notorius economic stability and institutional continuity. Until rencently, the political system was based on an entreched bipartisan coalition, with little ideological confrontation. Power sharing, which was mandatory during the National Front (NF,...

Abstract: In this paper we explore the determinants and the consequences of the development of the corporate bond market in Colombia. We use a large firm-level dataset for the period 1997-2004 and find that the larger, more profitable and more leveraged firms have a higher probability to issue...

"In this context, the objective of the paper is to propose a set of recommendations on whatneeds to be done in order to assure success of the current growth strategy. We have nodoubts on the value of strengthening Panama´s geographical comparative advantage withthe Canal´s expansion. The key...