Are capital controls and Central Bank intervention effective?

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Borradores de Economía; No. 625

Date published

2010-10-20

Date

2010-10-20

Authors

Rincón-Castro, Hernán
Toro-Córdoba, Jorge Hernán

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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

Capital controls and intervention in the foreign exchange market are two controversial policy options that many countries have adopted in the past in order to influence the exchange rate and moderate capital flows. Colombia has a long record in the use of

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JEL Codes

C52 - Model Evaluation, Validation, and Selection

Temática

Keywords

Keywords

Capital controls (Tobin tax) , Central bank intervention , GARCH regression model of the exchange rate return , Effectiveness.

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https://repositorio.banrep.gov.co/handle/20.500.12134/5642
 https://hdl.handle.net/20.500.12134/5642
 https://ideas.repec.org/p/bdr/borrec/625.html
 https://doi.org/10.32468/be.625

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