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Convergencia y Estabilidad de Los Tipos de Cambio Europeos: Una Aplicacion de Exponentes de Lyapunov *.

Cuadernos de Economia: Latin American journal of economics 2007, May, 44, 129

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Description

En el presente trabajo se aplica la teoria de sistemas dinamicos a la medicion de la estabilidad en el proceso de convergencia europeo. En concreto, se utilizan los exponentes de Lyapunov para verificar la influencia de las decisiones economico-politicas del proceso de creacion de la Union Europea sobre la estabilidad o inestabilidad en las fluctuaciones de los tipos de cambio de los diferentes paises europeos, llegandose a la comprobacion de una relacion entre ambas. 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 tate fluctuation in different European countries. We find evidence of such relationship.

Convergencia y Estabilidad de Los Tipos de Cambio Europeos: Una Aplicacion de Exponentes de Lyapunov *.
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  • 2,99 €
  • Available on iPhone, iPad, iPod touch, and Mac.
  • Category: Finance
  • Published: 01 May 2007
  • Publisher: Pontificia Universidad Catolica de Chile, Instituto de Economia
  • Print Length: 30 Pages
  • Language: English
  • Requirements: To view this book, you must have an iOS device with iBooks 1.3.1 or later and iOS 4.3.3 or later, or a Mac with iBooks 1.0 or later and OS X 10.9 or later.

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