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| Título: | Implicit bands in the Spanish peseta/Deutschmark exchange rate, 1965-1998 | Autores/as: | Ledesma Rodríguez,Francisco Navarro Ibáñez,Manuel Pérez Rodríguez, Jorge Vicente Sosvilla Rivero,Simón Javier |
Clasificación UNESCO: | 531008 Acuerdos monetarios internacionales | Palabras clave: | Sistema monetario europeo Peseta Marco |
Fecha de publicación: | 2007 | Editor/a: | 0960-3107 | Publicación seriada: | Applied Financial Economics | Resumen: | 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 | Fuente: | Applied Financial Economics[ISSN 0960-3107],v. 17, p. 921-932 |
| Colección: | Artículos |
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