The impact of pre-announced day-to-day interventions on the colombian exchange rate

Thumbnail
Borradores de Economía; No. 767
Date published
2013-05-27
Date of last update
2013-05-27
Author
Echavarría, Juan José
Melo-Velandia, Luis Fernando
Téllez, Santiago
Villamizar-Villegas, Mauricio
Document language
spa
Metadata
Show full item record
Alternative metrics
Downloads
Abstract views

Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
Abstract
The adoption of a managed regime assumes that interventions are relatively successful. However, while some authors consider that foreign exchange interventions are ineffective, arguing that domestic and foreign assets are close substitutes, others advocat
JEL Codes
E52 - Monetary PolicyE58 - Central Banks and Their PoliciesF31 - Foreign Exchange
Keywords
Central bank intervention ; Reaction function ; Tobit-GARCH ; Foreign exchange intervention mechanisms ; Capital controls ; Dirty interventions ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/5907
https://hdl.handle.net/20.500.12134/5907
https://doi.org/10.32468/be.767
https://ideas.repec.org/p/bdr/borrec/767.html
https://ideas.repec.org/p/col/000094/010767.html
Collections
Seleccionar año de consulta:
This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit