Convergencia y Estabilidad de los Tipos de Cambio Europeosuna Aplicación de Exponentes de Lyapunov
- Olmedo, Elena
- Gimeno, Ricardo
- Escot Mangas, Lorenzo
- Mateos de Cabo, Ruth
ISSN: 0717-6821
Year of publication: 2007
Issue: 129
Pages: 91-108
Type: Article
More publications in: Cuadernos de economía: Latin American Journal of Economics
Abstract
In this paper we applied the dynamic system theory to the measurement of the stability of the European process of convergence. In particular, Lyapunov¿s exponents are used to verify the influence of political and economic decisions made during the creation of the European Union on the stability (or instability) of exchange rate fluctuation in different European countries. We find evidence of such relationship.