Ledesma-Rodriguez, Francisco; Navarro-Ibanez, Manuel; … - In: Applied Financial Economics 17 (2007) 11, pp. 921-932
The objective of this article is to identify implicit bands for the Spanish peseta/Deutschmark exchange rate. To this end, based on the 'natural' classification approach suggested by Reinhart and Rogoff (2004), we propose a statistical test to assess the statistical significance of the outcome...