Implicit Regimes for the Spanish Peseta/Deutschmark Exchange Rate
FEDEA Working Papers on International Economics and Finance No. 2005-21
28 Pages Posted: 5 Nov 2005
Date Written: October 2005
The objective of this paper is to identify implicit exchange rate regimes for the Spanish peseta/Deutschmark exchange rate. To this end, several statistical approaches, proposed by previous studies, are applied to the period 1965-1998. The results indicate the existence of implicit regimes other than a free-floating one.
Keywords: Exchange rate regimes, implicit fluctuation bands, exchange rates
JEL Classification: F31, F33
Suggested Citation: Suggested Citation