The effects of intraday foreign exchange market operations in Latin America : results for Chile, Colombia, Mexico and Peru

Borradores de Economia
Number: 
849
Published: 
Classification JEL: 
E58, F31, G14
Keywords: 
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy
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This paper analyses the effects of sterilised, intraday foreign exchange market operations (non-discretionary and discretionary) on foreign exchange returns and volatility in four inflation targeting economies in Latin America. The distribution of exchang