This paper examines the monetary policy implications from the greater integration of major capital markets using long-term interest rates. Proof that globalization has affected the behavior of interest rates and made them more synchronized across countries is provided from the way disturbances...

This paper re-examines the volatility transmission mechanism within EMS and revisits the 'German Dominance Hypothesis' using short-term interest rates. The results, basically, support the idea of a German predominance within the European Monetary System, but not in a strict sense, since...

This paper examines the implications from the greater integration of major capital markets using long-term interest rates. The empirical approach is a Vector Autoregression which examines the nature of the monetary spillover mechanism across eight markets namely, Canada, France, Germany, Japan,...

This paper explores the nature of the interaction of short- and long-term interest rates within the European Monetary System for the period 1979-1999. The empirical examination centers on the 'German Dominance' hypothesis which purports that German interest rates should convey valuable...

This paper investigates the dynamic stability of public debt and its solvency condition in the face of crisis periods (1980-2021) in a sample of 11 euro-area countries. The focus is on the feedback loop between the dynamic stability of public debt and interest rates, discounted by economic...