RT Report
T1 De facto exchange-rate regimes in Central and Eastern European Countries
A1 Sosvilla Rivero, Simón Javier
A1 Ramos-Herrera, María del Carmen
AB This paper attempts to identify implicit exchange rate regimes for currencies of new European Union (EU) countries vis-à-vis the euro. To that end, we apply three sequential procedures that consider the dynamics of exchange rates to data covering the period from 1999:01 to 2012:12. Our results would suggest that implicit bands have existed in many sub-periods for almost all currencies under study. This paper provides new empirical evidence that strengthens the hypothesis of that the implemented policies differ from those announced by the monetary authorities, identifying the existence of de facto fixed monetary systems along large number of sub-periods for different currencies.
PB Instituto Complutense de Estudios Internacionales
YR 2015
FD 2015
LK https://hdl.handle.net/20.500.14352/41671
UL https://hdl.handle.net/20.500.14352/41671
LA eng
DS Docta Complutense
RD 13 abr 2025