A survey on the effects of sterilized foreign exchange intervention

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Borradores de Economía; No. 862

Date published

2015-01-16

Date

2015-01-16

Authors

Villamizar-Villegas, Mauricio
Perez-Reyna, David

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Document language

spa
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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.

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In this paper we survey prominent theories that have shaped the literature on sterilized foreign exchange interventions. We identify three main strands of literature: 1) that which advocates the use of sterilized interventions; 2) that which deems sterili

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JEL Codes

E52 - Monetary Policy
E58 - Central Banks and Their Policies
F31 - Foreign Exchange

Temática

Keywords

Keywords

Sterilized foreign exchange intervention , Impossible trinity , Portfolio balance channel , Signaling channel , Uncovered interest rate parity

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https://repositorio.banrep.gov.co/handle/20.500.12134/6150
 https://hdl.handle.net/20.500.12134/6150
 https://ideas.repec.org/p/bdr/borrec/862.html
 https://doi.org/10.32468/be.862

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