BIS papers probe LatAm currency interventions
Five working papers published this week by the Bank for International Settlements (BIS) take an in-depth look at currency intervention strategies in five Latin American countries: Mexico, Brazil, Colombia, Chile and Peru.
In On central bank interventions in the Mexican peso/dollar foreign exchange market, Bank of Mexico economists Santiago García-Verdú and Miguel Zerecero assess the effectiveness of two specific examples of rules-based currency intervention that occurred in periods of great
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