Implicit bands in the Spanish peseta/Deutschmark exchange rate, 1965–1998

Autor:	Francisco Ledesma Rodríguez, Jorge Vicente Pérez Rodríguez, Manuel Navarro Ibáñez, Simón Sosvilla Rivero
Rok vydání:	2007
Předmět:	Economics and Econometrics Exchange rate Economics Econometrics European Monetary System Finance Statistical hypothesis testing
Zdroj:	Applied Financial Economics. 17:921-932
ISSN:	1466-4305 0960-3107
DOI:	10.1080/09603100600843916
Popis:	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.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::1a0336a6f58a30db61e914c11d812737 https://doi.org/10.1080/09603100600843916 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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