Effectiveness of the Costa Rican Central Bank forex intervention

 

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Detalles Bibliográficos
Autores: Espinoza Rodríguez, Julio César, Valerio Berrocal, Marco Vinicio
Formato: artículo original
Estado:Versión publicada
Fecha de Publicación:2016
Descripción:This paper represents an empirical approach to assess the effectiveness of foreign exchange interventions following the criteria by K. Domínguez (1998) using a GARCH model based on the work by C. Broto (2012). Analyses are conducted to evaluate the FOREX rules of intervention followed by the BCCR, and the probability of occurrence of an intervention is estimated using a LOGIT model.  In addition, the paper attempts to analyze what happened to the exchange arrangements applied in Costa Rica as a result of the 2006 exchange rate flexibility and transition to inflation targets.
País:Portal de Revistas UNA
Institución:Universidad Nacional de Costa Rica
Repositorio:Portal de Revistas UNA
Lenguaje:Español
OAI Identifier:oai:ojs.www.una.ac.cr:article/7725
Acceso en línea:https://www.revistas.una.ac.cr/index.php/economia/article/view/7725
Access Level:acceso abierto
Palabra clave:exchange rate
monetary policy
market intervention
equilibrium exchange rate
tipo de Cambio
politica monetaria
intervencion del mercado
tipo de cambio de equilibrio