%0 Journal Article %T Un an¨˘lisis bayesiano sobre la efectividad de las subastas entre el Banco de la Rep¨˛blica y los intermediarios de opciones cambiarias %A Bastidas M. %A Alexander %J Perfil de Coyuntura Econ¨®mica %D 2011 %I Universidad de Antioquia %X 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. %K auctions %K exchange rate %K game theory. %U http://www.scielo.org.co/scielo.php?script=sci_abstract&pid=S1657-42142011000100005&lng=en&nrm=iso&tlng=en