Abstract

BASTIDAS M., Alexander. A Bayesian analysis of the effectiveness of the auction between the Central Bank and currency options brokers. Perf. de Coyunt. Econ. [online]. 2011, n.17, pp. 111-121. ISSN 1657-4214.

Using a signaling game has analyzed the auction policy to control the volatility of the exchange rate, finding a restricted scenario defending the auction as the rational strategy for the Bank of the Republic and options brokers exchange.

Keywords : Auctions; exchange rate; game theory.