Ehrmann, Michael; Fratzscher, Marcel; Gürkaynak, Refet S. - 2007
using high-frequency bond yield data for France, Germany, Italy and Spain. We find that Economic and Monetary Union (EMU … monetary union have seen their long-term interest rates become much lower, much less volatile, and much better anchored in … countries using high-frequency bond yield data for France,
Germany, Italy and Spain. We find that Economic and Monetary Union …