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

Borradores de Economia
Number: 
767
Published: 
Classification JEL: 
E52, E58, F31
Keywords: 
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy
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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