Motives and Effectiveness of Forex Interventions; Evidence from Peru

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Melesse Tashu;
  • Subject: Exchange rates;Capital flows;Foreign exchange reserves;Peru;Foreign exchange intervention;FX intervention, FX purchase, FX sale, FX volatility, exchange, exchange rate, central bank, portfolio,

This paper assesses empirically the motives and effectiveness of forex interventions in Peru. While the central bank of Peru states that its forex interventions aim only at containing excessive exchange rate volatility, the results of this paper show that, in practice, ... View more
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