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Effects of Foreign Exchange Intervention Under Public Information: the Chilean Case

Tapia, Matías; Tokman, Andrea - Banco Central de Chile - 2004

This paper studies the effects of exchange rate interventions using daily and intraday data for Chile, from 1998 to 2003. Its main contribution is the recognition of the role played by transparency and public announcements in the success of the intervention policy, through the existence of an...

Persistent link: https://www.econbiz.de/10005245904