Please use this identifier to cite or link to this item: http://hdl.handle.net/10553/47038
Title: Implicit bands in the Spanish peseta/Deutschmark exchange rate, 1965-1998
Authors: Ledesma Rodríguez,Francisco 
Navarro Ibáñez,Manuel 
Pérez Rodríguez, Jorge Vicente 
Sosvilla Rivero,Simón Javier 
UNESCO Clasification: 531008 Acuerdos monetarios internacionales
Keywords: Sistema monetario europeo
Peseta
Marco
Issue Date: 2007
Publisher: 0960-3107
Journal: Applied Financial Economics 
Abstract: The objective of this article is to identify implicit bands for the Spanish peseta/Deutschmark exchange rate. To this end, based on the 'natural' classification approach suggested by Reinhart and Rogoff (2004), we propose a statistical test to assess the statistical significance of the outcome of their classifying algorithm. The test is applied to the period 1965-1998, indicating our results existence of fluctuation bands in the 1980s and 1990s, before and after the entry of the peseta into the European Monetary System.
URI: http://hdl.handle.net/10553/47038
ISSN: 0960-3107
DOI: 10.1080/09603100600843916
Source: Applied Financial Economics[ISSN 0960-3107],v. 17, p. 921-932
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