Borradores de Economia
Número:
625
Publicado:
Clasificación JEL:
F31, F32, E58, C52
Palabras clave:
Capital controls (Tobin tax), Central bank intervention, GARCH regression model of the exchange rate return, effectiveness.
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Capital controls and intervention in the foreign exchange market are two controversial policy options that many countries have adopted in the past in order to influence the exchange rate and moderate capital flows. Colombia has a long record in the use of