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- Title
Nueva Evidencia Empírica sobre las Turbulencias Cambiarias de la Peseta Española. 1989-1998.
- Authors
Rodríguez, Mª Araceli
- Abstract
The framework of this work is the European Monetary System and the currency crises that the Spanish Peseta suffered during the time it belonged to the ERM. Not only, we try to identify the turbulence periods but also we provide some explanation to those moments. We build an Index of Speculative Pressures for the Spanish Peseta and using the Markov-Switching Regime Model with time varying transition probabilities we study the contrivance of different macroeconomic variables. We have been able to ratify the results which have been obtained by other similar previous studies.
- Subjects
SPAIN; CURRENCY crises; PESETA; MONETARY systems; MARKOV processes; FINANCIAL crises
- Publication
Estudios de Economía Aplicada, 2005, Vol 23, Issue 1, p207
- ISSN
1133-3197
- Publication type
Article