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We investigate the e ectiveness of sterilized foreign exchange interventions by exploiting a discontinuous policy rule used by the Central Bank of Colombia (CBoC). We use a unique data set from CBoC comprised of tick by ...Documentos de Trabajo. 2016-10-10
Borradores de Economía; No. 964
Supplementary material for "the effects of foreign exchange intervention: evidence from a rule-based policy in Colombia"
This Appendix provides a more detailed discussion of the technical results, including proofs of theorems reported in the main paper. For ease of reference notation and de nitions are repeated from the main paper.Documentos de Trabajo. 2016-10-12
Borradores de Economía; No. 965