Interest Rate Linkages in the Exchange Rate Mechanism : Tests for Asymmetry, German Dominance and Interest Rate Parity Using Daily Data Over 1990 to 1997.

Empirical research on interest rate linkages within the European Monetary System (EMS) has concentrated on the concepts of asymmetry and German dominance. Asymmetry is usually taken to mean that German monetary policy is invariant to shocks in other EMS economies while dominance implies that the Bundesbank sets policy so as to insulate the EMS from external disturbances.

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Year of publication:	1997
Authors:	Thom, R
Institutions:	School of Economics, University College Dublin
Subject:	INTEREST RATE \| EUROPE \| MONETARY AGREEMENTS

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Series:	College Dublin, Department of Political Economy-.
Type of publication:	Book / Working Paper
Notes:	19 pages
Classification:	E43 - Determination of Interest Rates; Term Structure Interest Rates
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005783303