Borradores de Economia
Número:
972
Publicado:
Clasificación JEL:
C14, C22, C24, E58, F31
Palabras clave:
CLAD, Censored Models, Foreign Exchange Intervention, Central Bank's Policy Function
Lo más reciente
Diana Ricciulli-Marin, Mateo Uribe-Castro
Ana María Iregui-Bohórquez, Ligia Alba Melo-Becerra, María Teresa Ramírez-Giraldo, Jorge Leonardo Rodríguez Arenas
Francisco Javier Lasso-Valderrama, Carmiña Ofelia Vargas-Riaño
Most of the literature on the e ectiveness of foreign exchange intervention has yet to reach a general consensus. In part, this is due to the di erent estimation methods in which exogenous variation is identi ed. In this sense, the use of heavily-dependen