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

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

Lo más reciente

Jhorland Ayala-García, Jaime Alfredo Bonet-Moron, Eduardo A. Haddad, Inácio F. Araújo
Hans-Erik Edsand, Andrés Aleán-Romero, Jhorland Ayala-García, Tania Jiménez Castilla, Sandra C. Valencia

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