Buscher, Herbert S.; Gabrisch, Hubert - Institut für Wirtschaftsforschung Halle (IWH) - 2011
-term money markets and thus, would lose this influence in case of Euro adoption. We use a GARCH-M-GED model with daily money …. A high degree of co-movement might be seen as an argument for a weak impact of the central bank on its money markets … reaction of the money markets in turbulent times. Our finding is that the policy of the European Central Bank (ECB) has indeed …