@inbook{a787666c3b2a411c97b37819c933ea34,
title = "HOW SENSITIVE IS VOLATILITY TO EXCHANGE RATE REGIMES? - THE CASE OF CHILE",
abstract = "In September 1999, the Central Bank of Chile eliminated the floating band for the nominal exchange rate, which operated since 1984, and established a free float. This lasted until the burst of the last Argentinean economic crisis in July 2001. Since then, the Central Bank has smoothed out the exchange rate path by selling U.S. dollars and/or issuing U.S. dollar-denominated bonds. We examine the free float period by assessing whether the increase in exchange rate volatility was as sharp as expected. We show that volatility went up, but only slightly.",
author = "Viviana Fern{\'a}ndez",
note = "Funding Information: Funds provided by Grant No. Soc-01/19-2 of the Department of Research and Development of the University of Chile (DID), and by an institutional grant of the Hewlett Foundation to the Center for Applied Economics (CEA) of the DII are greatly acknowledged. ",
year = "2004",
doi = "10.1016/S1569-3767(05)05005-3",
language = "English",
isbn = "0762311630",
series = "International Finance Review",
pages = "65--97",
editor = "Harvey Arbelaez and Click, {Reid William}",
booktitle = "Latin American Financial Markets",
}