Jara R., Alejandro; Piña, Marco - In: Latin American journal of central banking : LAJCB 4 (2023) 2, pp. 1-27
In this paper, we study the effectiveness of FX interventions in Chile since adopting a fully flexible exchange rate regime in the late 1990s. In particular, we ask whether these interventions have dumped excess exchange rate volatility and reduced its probability of being in a high volatility...