2026-06-26T17:01:48Zhttps://docta.ucm.es/rest/oai/request

oai:docta.ucm.es:20.500.14352/416712025-05-22T23:53:34Zcom_20.500.14352_14col_20.500.14352_17

Sosvilla Rivero, Simón Javier Ramos Herrera, María del Carmen 2023-06-19T23:57:20Z 2023-06-19T23:57:20Z 2015 https://hdl.handle.net/20.500.14352/41671 https://www.ucm.es/icei/working-papers 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. eng https://creativecommons.org/licenses/by-nc/3.0/es/ open access Atribución-NoComercial 3.0 España De facto exchange-rate regimes in Central and Eastern European Countries technical report