Efectos de la intervenciones en el mercado cambiario: el caso de Chile

Author	dc.contributor.author	Tapia, Matías
Author	dc.contributor.author	Tokman, Andrea	es_CL
Admission date	dc.date.accessioned	2010-11-15T17:37:09Z
Available date	dc.date.available	2010-11-15T17:37:09Z
Publication date	dc.date.issued	2003-06
Cita de ítem	dc.identifier.citation	Estudios de economía. Vol.30 No.1 Junio 2003 Pags. 21-53	en_US
Identifier	dc.identifier.uri	https://repositorio.uchile.cl/handle/2250/127798
Abstract	dc.description.abstract	Using daily data on intervention activities by the Central Bank of Chile between 1998 and 2003, this paper studies the impact of these actions on the peso/dollar exchange rate. Time series estimates using OLS (after testing for weak exogeneity) and two-stage least squares estimates are used. Our findings suggest that the effect of daily interventions is not statistically different from zero. However, the public announcements at the beginning of both post floating intervention periods did have an effect in the level and trend of the exchange rate. This suggests that the market adjusted in response to the release of information.	en_US
Lenguage	dc.language.iso	es	en_US
Publisher	dc.publisher	Universidad de Chile. Facultad de Economía y Negocios	en_US
Keywords	dc.subject	Tipo de cambio	en_US
Título	dc.title	Efectos de la intervenciones en el mercado cambiario: el caso de Chile	en_US
Document type	dc.type	Artículo de revista