Número:
784
Publicado:
Clasificación JEL:
E52, E58, F31
Palabras clave:
Keywords: Central bank intervention, foreign exchange intervention mechanisms, event study.
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Juan José Ospina-Tejeiro, Jorge Enrique Ramos-Forero, David Camilo López-Valenzuela, Yurany Hernández-Turca, Nicolle Valentina Herrera-Pinto
To date, there is still great controversy as to which exchange rate model should be used or which monetary channel should be considered, when measuring the effects of monetary policy. Since most of the literature relies on structural models to address ide