Intervention operations in the foreign exchange market are used by the Banco Central de Reserva del Peru to manage both the level and volatility of their exchange rates. The Banco Central de Reserva del Peru provides information to the market about the specific hours of the day interventions would take place and the total amount of intervention. It consistently buys and sells on the foreign exchange market to avoid large appreciations and depreciations...
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2011/02/01
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Documento de trabalho sobre pesquisa de políticas
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WPS5579
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1
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1
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2011/02/02
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Disclosed
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How does public information on central bank intervention strategies affect exchange rate volatility ? the case of Peru
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Exchange Rates
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