The Effects of Foreign Exchange Market Operations in Latin America
(last update 3 April 2013)
| Thursday, 29 November 2012 | |
| 14:00-14:20 | Welcome remarks Juan José Echavarría, Member of the Board, Bank of the Republic (Colombia) |
| 14:20-14:50 | Overview Presenters: Kathryn Dominguez and Ramon Moreno (Overview) |
| 14:50-16:30 | Session I Chair: Fernando Tenjo, Bank of the Republic (Colombia) |
| 1. "The effects of intraday FY market operations in Latin America: Results for Chile, Colombia, Mexico and Peru" (Joint paper) Presenter: Kathryn Dominguez and Juan Manuel Julio (Presentation) (Results) |
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| Discussant: Rasmus Fatum (University of Alberta) (Presentation) | |
| 2. "Order Flow and the Real: Indirect Evidence of the Effectiveness of Sterilized Interventions" by Emanuel Kohlscheen (Central Bank of Brazil) (Paper) (Presentation) |
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| Discussant: Eric Girardin (GREQAM - Université de la Méditerranée) (Presentation) | |
| 16:50-18:30 | Session II Chair: José Luis Escrivá, BIS |
| 3. "The impact of different forms of FX intervention" by Juan José Echavarría, Luis Fernando Melo, Santiago Téllez and Mauricio Villamizar (Bank of the Republic) (Paper) (Presentation) |
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| Discussant: Andreas Fischer (Swiss National Bank) (Presentation) | |
| 4. "Chilean Exchange Rate Interventions and Inflation Expectations" by Pablo Pincheira (Central Bank of Chile) (Paper) (Presentation) |
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| Discussant: Emanuel Kohlscheen (Central Bank of Brazil) (Presentation) | |
| Friday, 30 November 2012 | |
| 9:00-10:40 | Session III Chair: Julio Santaella, Banco de México |
| 5. "On Central Bank Interventions in the Mexican Peso-Dollar Exchange Rate Market" by Santiago García-Verdú and Miguel Zerecero Antón (Bank of Mexico) (Paper) (Presentation) |
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| Discussant: Alain Chaboud (Board of Governors of the Federal Reserve System) (Presentation) | |
| 6. "The effects of forex intervention using intraday data: evidence from Peru" by Marylin Choy, Erick Lahura and Marco Vega (Central Reserve Bank of Peru) (Paper) (Presentation) Discussant: Paolo Vitale (G. D'Annunzio University) (Presentation) |
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| 11:00-12:30 | Session IV Chair: Stephen G Cecchetti, BIS |
| 7. Special Session: Policy and operational issues raised by FX intervention by Julio Santaella (Bank of Mexico) (Presentation), Juan José Echavarría (Bank of the Republic - Colombia), Andreas Fischer (Swiss National Bank) |
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