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

See all articles by Francisco Ledesma Rodríguez

Francisco Ledesma Rodríguez

University of La Laguna - Department of Applied Economics

Manuel Navarro Ibáñez

University of La Laguna - Department of Applied Economics

Jorge Pérez Rodríguez

University of Las Palmas de Gran Canaria - Faculty of Economic Science

Simon Sosvilla-Rivero

UCM Institute for Economic Analysis

Date Written: October 2005

Abstract

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

Ledesma Rodríguez, Francisco J. and Navarro Ibáñez, Manuel and Pérez Rodríguez, Jorge and Sosvilla-Rivero, Simon, Implicit Regimes for the Spanish Peseta/Deutschmark Exchange Rate (October 2005). FEDEA International Economics and Finance Working Paper No. 2005-21. Available at SSRN: https://ssrn.com/abstract=837185 or http://dx.doi.org/10.2139/ssrn.837185

Francisco J. Ledesma Rodríguez

University of La Laguna - Department of Applied Economics ( email )

Facultad de Ciencias Economicas
Campus de Guajara
38071 La Laguna
Spain
+34 922 31 71 19 (Phone)
+34 922 31 78 53 (Fax)

Manuel Navarro Ibáñez

University of La Laguna - Department of Applied Economics ( email )

Facultad de Ciencias Economicas
Campus de Guajara
La Laguna, Santa Cruz de Tenerife 38071
Spain
+34 922 31 71 11 (Phone)

Jorge Pérez Rodríguez

University of Las Palmas de Gran Canaria - Faculty of Economic Science ( email )

Dpto. de Metodos Cuantitativo Campus de Tafira, Tafira Baja
E-35017 Las Palmas
Spain
+34 928 458222 (Phone)
+34 928-458225 / 1829 (Fax)

HOME PAGE: http://fcee.ulpgc.es/~jorge/

Simon Sosvilla-Rivero (Contact Author)

UCM Institute for Economic Analysis ( email )

Carretera de Humera s/n
Madrid, Madrid 28223
Spain
+34913932626 (Phone)

HOME PAGE: http://www.ucm.es/info/ecocuan/ssr/

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