IDEAS home Printed from https://ideas.repec.org/a/cup/reveco/v23y2005i03p541-561_01.html
   My bibliography  Save this article

Regímenes cambiarios de iure y de facto. El caso de la peseta/dólar, 1965–1998

Author

Listed:
  • Ledesma Rodríguez, Francisco J.
  • Ibáñez, Manuel Navarro
  • Pérez Rodríguez, Jorge V.
  • Rivero, Simón Sosvilla

Abstract

In this paper we apply three different statistical procedures to the peseta/dollar exchange rate with the aim of discovering the true foreign exchange regime followed by the monetary authorities during the 1965–1998 period. The study's perspective emphasizes the divergence between de jure and defacto exchange regimes. The results seem to imply that the peseta, as well as other currencies, did not exhibit the floating regime that de jure had in relation to the US dollar in the last three decades of its existence. On the contrary, the peseta/dollar exchange rate moved within rather narrow fluctuation bands during those years.

Suggested Citation

  • Ledesma Rodríguez, Francisco J. & Ibáñez, Manuel Navarro & Pérez Rodríguez, Jorge V. & Rivero, Simón Sosvilla, 2005. "Regímenes cambiarios de iure y de facto. El caso de la peseta/dólar, 1965–1998," Revista de Historia Económica / Journal of Iberian and Latin American Economic History, Cambridge University Press, vol. 23(3), pages 541-561, December.
    • Handle: RePEc:cup:reveco:v:23:y:2005:i:03:p:541-561_01
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S0212610900012155/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:reveco:v:23:y:2005:i:03:p:541-561_01. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/rhe .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.