This paper attempts to identify implicit exchange rate regimes for the Yen/Dollar exchange rate. To that end, we apply a sequential procedure that considers both the dynamics of exchange rates and central bank interventions to data covering the period from 1971 to 2003. Our results would suggest...

In this paper we investigate the profitability of non-linear trading rules based on nearest neighbour predictors. Our results, based on applying this investment strategy to the New York Stock Exchange, suggest that, taking into account trading costs, the non-linear trading rule is superior to a...

En este trabajo se presentan los resultados de la evaluación de las ayudas que, procedentes de la Unión Europea, habrá recibido Canarias durante el período 1989-2006 a través de distintos programas de inversiones contenidos los Fondos Estructurales. Los resultados obtenidos sugieren que,...