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
Ano de publicación: 2007
Número: 129
Páxinas: 91-108
Tipo: Artigo
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.