Foreign exchange intervention in Colombia

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Borradores de Economía; No. 757

Date published

2013-02-08

Date

2013-02-08

Authors

Vargas-Herrera, Hernando
González-Gómez, Andrés
Rodríguez-Guzmán, Diego Arturo

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ISSN

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

Banco de la República's FX intervention policy is described, with a focus on its objectives and main features. Then, based on a survey of the effectiveness of sterilized intervention in Colombia, it is argued that this tool is not useful to cope with the

Description

JEL Codes

E37 - Prices, Business Fluctuations, and Cycles: Forecasting and Simulation: Models and Application
F33 - International Monetary Arrangements and Institutions
F32 - Current Account Adjustment; Short-Term Capital Movements
F31 - Foreign Exchange

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Keywords

Keywords

Monetary policy , Foreign exchange intervention

Citation

URI

https://repositorio.banrep.gov.co/handle/20.500.12134/5897
 https://hdl.handle.net/20.500.12134/5897
 https://ideas.repec.org/p/bdr/borrec/757.html
 https://doi.org/10.32468/be.757

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Borradores de Economía

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Esta obra está bajo licencia internacional Creative Commons Reconocimiento-NoComercial 4.0.

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