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

Número: 
849
Publicado: 
Clasificación JEL: 
E58, F31, G14
Palabras clave: 
Exchange Rate, Central bank intervention, Microstructure

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