Borradores de Economia
Número:
964
Publicado:
Clasificación JEL:
E58, F31, C22
Palabras clave:
Rule-Based Foreign Exchange Interventions, Portfolio Balance, Central Bank Policy, Regression Discontinuity
Lo más reciente
Jhorland Ayala-García, Jaime Alfredo Bonet-Moron, Eduardo A. Haddad, Inácio F. Araújo
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Hans-Erik Edsand, Andrés Aleán-Romero, Jhorland Ayala-García, Tania Jiménez Castilla, Sandra C. Valencia
We investigate the e ectiveness of sterilized foreign exchange interventions by exploiting a discontinuous policy rule used by the Central Bank of Colombia (CBoC). We use a unique data set from CBoC comprised of tick by tick intervention and order book da