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Foreign Exchange Intervention in Colombia

Hernando
Vargas-Herrera
Andrés
González
Diego Arturo
Rodríguez-Guzmán
Viernes, 1 Febrero 2013

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