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The Impact of Pre-announced Day-to-day Interventions on the Colombian Exchange Rate

Juan José
Echavarría-Soto
Luis Fernando
Melo-Velandia
Santiago
Téllez
Mauricio
Villamizar-Villegas
Miércoles, 1 Mayo 2013

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