Efectos de las intervenciones en el marcado cambiario: el caso de Chile
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| Format: | Artículo científico |
| Language: | en |
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Universidad de Chile
2003
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| _version_ | 1876437988776345600 |
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| author | Matias Tapia |
| author_facet | Matias Tapia |
| contents | Efectos de las intervenciones en el marcado cambiario: el caso de Chile Matias Tapia Andrea Tokman Economía y Finanzas Using daily data on intervention activities by the Central Bank of Chile between1998 and 2003, this paper studies the impact of these actions on the peso/dollarexchange rate. Time series estimates using OLS (after testing for weakexogeneity) and two-stage least squares estimates are used. Our findings suggestthat the effect of daily interventions is not statistically different from zero.However, the public announcements at the beginning of both post floatingintervention periods did have an effect in the level and trend of the exchangerate. This suggests that the market adjusted in response to the release ofinformation. 2003 artículo científico 0304-2758 https://www.redalyc.org/articulo.oa?id=22130102 en http://www.redalyc.org/revista.oa?id=221 Estudios de Economía application/pdf Universidad de Chile Estudios de Economía (Chile) Num.1 Vol.30 |
| format | Artículo científico |
| id | redalyc_22130102 |
| institution | Redalyc |
| language | en |
| publishDate | 2003 |
| publisher | Universidad de Chile |
| spellingShingle | Efectos de las intervenciones en el marcado cambiario: el caso de Chile Matias Tapia Economía y Finanzas Efectos de las intervenciones en el marcado cambiario: el caso de Chile Matias Tapia Andrea Tokman Economía y Finanzas Using daily data on intervention activities by the Central Bank of Chile between1998 and 2003, this paper studies the impact of these actions on the peso/dollarexchange rate. Time series estimates using OLS (after testing for weakexogeneity) and two-stage least squares estimates are used. Our findings suggestthat the effect of daily interventions is not statistically different from zero.However, the public announcements at the beginning of both post floatingintervention periods did have an effect in the level and trend of the exchangerate. This suggests that the market adjusted in response to the release ofinformation. 2003 artículo científico 0304-2758 https://www.redalyc.org/articulo.oa?id=22130102 en http://www.redalyc.org/revista.oa?id=221 Estudios de Economía application/pdf Universidad de Chile Estudios de Economía (Chile) Num.1 Vol.30 |
| title | Efectos de las intervenciones en el marcado cambiario: el caso de Chile |
| topic | Economía y Finanzas |
| url | https://www.redalyc.org/articulo.oa?id=22130102 |