impact on the exchange rate level and volatility. We analyze the effects of daily forex interventions in four Latin American …, reduce exchange rate volatility, although their size plays a minor role. Our results support the signaling effect of …

The potential negative consequences of high financial volatility have been an important concern recently. Although its … have been conducted, therefore, to determine which is the relevant concept of volatility and how to measure it, which … factors explain the course it follows, and which steps should be taken in order to curb volatility. In this paper, we present …