Política de intervención en el mercado cambiario en economías emergentes: El caso de Colombia

Translated title of the contribution: Policy of foreign exchange intervention in emerging economies: The case of Colombia

Emmanuel Pino, Héctor Romero, Eddy Johanna Fajardo

Research output: Contribution to journalArticlepeer-review

Abstract

The objective of this work is to determine the effects of foreign exchange interventions on the exchange rate that have been adopted by the central bank in Colombia for the time period 2014-2016. To carry out the study is used daily data taken from the Banco de la Republica database. The methodology employed is the analysis of intervention on the time series. The results obtained show that the actions carried out by the monetary authority were successful in reducing the changes in the nominal exchange rate in Colombia.

Translated title of the contributionPolicy of foreign exchange intervention in emerging economies: The case of Colombia
Original languageSpanish
JournalEspacios
Volume40
Issue number1
StatePublished - 2019

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