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
Revista:
Cuadernos de economía: Latin American Journal of Economics

ISSN: 0717-6821

Ano de publicación: 2007

Número: 129

Páxinas: 91-108

Tipo: Artigo

DOI: 10.4067/S0717-68212007000100004 DIALNET GOOGLE SCHOLAR lock_openAcceso aberto editor

Outras publicacións en: Cuadernos de economía: Latin American Journal of Economics

Resumo

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.