Foreign Exchange Intervention in Colombia

Borradores de Economia
Number: 
757
DOI: 
http://doi.org/10.32468/be.757
Published: 
Classification JEL: 
F31, F32, F33, E37
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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