Convergencia y Estabilidad de los Tipos de Cambio Europeosuna Aplicación de Exponentes de Lyapunov

  1. Olmedo, Elena
  2. Gimeno, Ricardo
  3. Escot Mangas, Lorenzo
  4. Mateos de Cabo, Ruth
Journal:
Cuadernos de economía: Latin American Journal of Economics

ISSN: 0717-6821

Year of publication: 2007

Issue: 129

Pages: 91-108

Type: Article

DOI: 10.4067/S0717-68212007000100004 DIALNET GOOGLE SCHOLAR lock_openOpen access editor

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.