Tests for interest rate convergence and structural breaks in the EMS
نویسندگان
چکیده
منابع مشابه
Dynamics of Intra-ems Interest Rate Linkages
A number of previous studies have questioned the dominant role of Germany within the EMS. These conclusions are often based on empirical findings that interest rates of member countries of the EMS are not affected by German interest rates, even in the long run. In this study we establish evidence to the contrary by demonstrating that intra-EMS interest rate differentials (vis-a-vis Germany) exh...
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ژورنال
عنوان ژورنال: Applied Financial Economics
سال: 1998
ISSN: 0960-3107,1466-4305
DOI: 10.1080/096031098333104