💼 Paul Romer Proposes Strengthening the Role of Central Banks to Address Fiscal Challenges in Colombia 🇨🇴📈

During the 59th Banking Convention in Cartagena, Nobel Laureate in Economics Paul Romer presented an innovative alternative to Colombia’s current fiscal landscape:

🔹 Exploring a new institutional framework in which central banks could also assume fiscal responsibilities.

🗣️ “Many countries should consider central banks as a tool to manage fiscal problems. A central bank with a fiscal focus could be part of the solution,” Romer stated.

Key potential benefits of this proposal include:

✔️ Inflation control

✔️ Exchange rate stability

✔️ Strengthening economic policy

This vision sparks a broader discussion about the future role of Colombia’s central bank, the Banco de la República, in shaping the country’s economic stability.

📊 Is Colombia ready for a transformation of this magnitude?

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