NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Foreign Exchange Intervention Redux

Roberto Chang

NBER Working Paper No. 24463
Issued in March 2018

---- Acknowledgments ----

Prepared for the 2017 Central Bank of Chile Annual Conference. I am indebted to José De Gregorio and Paolo Cavallino for insightful discussions. I also thank Guillermo Calvo, Luis Felipe Céspedes and seminar participants at Rutgers, ITAM Banco de Mexico, and the Di Tella IEF Workshop for useful comments and suggestions. Of course, any errors or shortcomings are solely mine. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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