货币政策公告对汇率波动的影响：2008-2015年哥伦比亚分析

IF 0.3 Q4 ECONOMICS Lecturas de Economia Pub Date : 2017-07-21 DOI:10.17533/UDEA.LE.N87A03

Juan Ciro, Claudio Oliveira de Moraes, Juan Camilo Gómez Zapata

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引用次数: 1

摘要

本文寻求央行沟通效果的证据。为此，评估了金融市场预测哥伦比亚货币政策决策的能力。此外，还估计了哥伦比亚中央银行的意外决定对汇率波动的影响。结果表明，央行沟通降低了汇率的波动性。此外，研究发现，外部风险、石油价格和外部利率等其他变量会影响哥伦比亚的汇率波动。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Effects of monetary policy announcements on exchange rate volatility: an analysis for Colombia, 2008-2015

This paper seeks evidence on the effects of central bank communication. To do this, the ability of financial markets to predict monetary policy decisions in Colombia is evaluated. Also, the effects of surprise decisions by the central bank of Colombia on exchange rate volatility are estimated. The results show that central bank communication decreases the volatility of the exchange rate. In addition, it is found that other variables such as external risk, the price of oil and external interest rates affect exchange rate volatility in Colombia.

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