Measuring cosmological distances by coalescing binaries

Gravitational waves detected from well-localized inspiraling binaries would allow us to determine, directly and independently, binary luminosity and redshift. In this case, such systems could behave as "standard candles" providing an excellent probe of cosmic distances up to z
4 pages, 2 figures and 2 tables. To appear in the Proceeding of the Spanish Relativity Meeting 2011 (Madrid, Spain, 29th August - 2nd September 2011)