Financial market integration in the early modern period in Spain: Results from a threshold error correction model

The application of a threshold error correction model to the exchange rates of the Spanish Ducado and the Dutch Groat in Seville and Medina del Campo in the 16th century indicates that the band of arbitrage inactivity was 6%.

MoreLess

Year of publication:	2011
Authors:	Bernholz, Peter ; Kugler, Peter
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 110.2011, 2, p. 93-96
Publisher:	Elsevier
Keywords:	Financial market integration Threshold error correction Groat/Ducado exchange rates Seville Medina del Campo

More details

Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008867016