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

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Borradores de Economía; No. 767

Date published

2013-05-27

Date

2013-05-27

Authors

Echavarría, Juan José
Melo-Velandia, Luis Fernando
Téllez, Santiago
Villamizar-Villegas, Mauricio

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ISBN

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.

The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.

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

Description

JEL Codes

E58 - Central Banks and Their Policies

Temática

Keywords

Keywords

Central bank intervention , Reaction function , Tobit-GARCH , Foreign exchange intervention mechanisms , Capital controls , Dirty interventions

Citation

URI

https://repositorio.banrep.gov.co/handle/20.500.12134/5907
 https://hdl.handle.net/20.500.12134/5907
 https://ideas.repec.org/p/bdr/borrec/767.html
 https://doi.org/10.32468/be.767

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Este documento ha sido depositado por parte de el(los) autor(es) bajo la siguiente constancia de depósito