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,...

This paper attempts to determine whether or not the introduction of the euro affected the volatility of bilateral exchange rates all over the world. To that end, we examine the exchange rate behaviour for a set of OECD and non-OECD countries during the 1993-2007 period. Two econometric methods...

This paper presents an analysis of the credibility of the EMS currencies that covers the period before and after the increase in the bands of fluctuation. Our credibility indicator is based on the inferred probabilities derived from the estimation of a Markov-switching model (Hamilton (1989))...