The effects of intraday foreign exchange market operations in Latin America : results for Chile, Colombia, Mexico and Peru

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Borradores de Economía; No. 849
Date published
2014-10-21
Date of last update
2014-10-21
Author
Fuentes, Miguel
Pincheira, Pablo
Julio-Román, Juan Manuel
Rincón-Castro, Hernán
García-Verdú, Santiago
Zerecero, Miguel
Document language
spa
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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
This paper analyses the effects of sterilised, intraday foreign exchange market operations (non-discretionary and discretionary) on foreign exchange returns and volatility in four inflation targeting economies in Latin America. The distribution of exchang
JEL Codes
E58 - Central Banks and Their PoliciesF31 - Foreign ExchangeG14 - Information and Market Efficiency; Event Studies; Insider Trading
Keywords
Exchange rate ; Central bank intervention ; Microstructure ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/6136
https://hdl.handle.net/20.500.12134/6136
https://doi.org/10.32468/be.849
https://ideas.repec.org/p/bdr/borrec/849.html
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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