Número:
767
Publicado:
Clasificación JEL:
E52, E58, F31
Palabras clave:
Central bank intervention, reaction function, Tobit-GARCH, foreign exchange intervention mechanisms
Lo más reciente
Lukas Delgado-Prieto, Andrea Sofía Otero-Cortés, Andrés Calderón
Julián Andrés Parra-Polanía, Carmiña Ofelia Vargas-Riaño
The adoption of a managed regime assumes that interventions are relatively successful. However, while some authors consider that foreign exchange interventions are ineffective, arguing that domestic and foreign assets are close substitutes, others advocat