This article investigates whether the distance between origin and destination has played an increased role in shaping Italy’s domestic tourism flows during the recent years of economic recession. Indeed, the occurrence of closer tourism destinations, as a consequence of the economic crisis,...

We analyse the pattern of daily Euro - US Dollar exchange rates from the birth of Euro in January 1999 to December 2011. We document that also this series is I(1), as is usual for nominal bilateral exchange rates. However, we find evidence of the presence of day effects – even if they play a...