García-Verdú, Santiago; Ramos-Francia, Manuel - In: Quarterly Journal of Finance (QJF) 04 (2014) 01, pp. 1450002-1
We study variations in the risk-neutral distributions of the exchange rates in Brazil, Chile, Colombia, Mexico, and Peru due to interventions implemented by these countries. For this purpose, we first estimate the risk-neutral densities of the exchange rates based on derivatives market data, for...