Effects of Intervention in the Spot Currency Market on the BRL/USD Exchange Rate from 1999 to 2008: an Event Study

This study analyses interventions in the Brazilian spot foreign exchange market from 1999 to 2008 and their effects on the R$/US$ exchange rate, using an event study approach. It aims to verify if the foreign exchange interventions have any significant impact on the exchange rate behavior. The perio...

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Bibliographic Details
Main Authors: Roberto Meurer, Felipe Wolk Teixeira, Eduardo Cardeal Tomazzia
Format: Article
Language:English
Published: Brazilian Society of Finance 2010-07-01
Series:Revista Brasileira de Finanças
Subjects:
Online Access:http://virtualbib.fgv.br/ojs/index.php/rbfin/article/view/1496