Colombian paper explores signals from FX interventions
Interventions in the foreign exchange market act as ‘signals’ to solve co-ordination failure
Interventions in the foreign exchange market act as "signals" that solve co-ordination failure, a working paper published by the Central bank of Colombia suggests.
Juan David Durán-Vanegas's paper, Do foreign exchange interventions work as coordinating signals in Colombia?, analyses the effectiveness of official foreign exchange interventions conducted by the central bank between June 2008 and December 2013.
"Interventions of central banks work as signals that solve co-ordination failure in the
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