Foreign Exchange Intervention in Colombia

Número: 
757
Publicado: 
Clasificación JEL: 
F31, F32, F33, E37
Palabras clave: 
Monetary policy, Foreign Exchange Intervention

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Andrea Sofía Otero-Cortés, Karina Acosta, Luis E. Arango, Danilo Aristizábal, Oscar Iván Ávila-Montealegre, Oscar Becerra, Cristina Fernández, Luz Adriana Flórez, Luis Armando Galvis-Aponte, Anderson Grajales, Catalina Granda, Franz Alonso Hamann-Salcedo, Juliana Jaramillo-Echeverri, Carlos Medina, Jesús Enrique Morales-Piñero, Alejandra Morales, Leonardo Fabio Morales, Juan José Ospina-Tejeiro, Christian Manuel Posso-Suárez, José Pulido, Mario Andrés Ramos-Veloza, Alejandro Sarasti-Sierra
Ana María Iregui-Bohórquez, Ligia Alba Melo-Becerra, María Teresa Ramírez-Giraldo, Jorge Leonardo Rodríguez-Arenas

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