Cerrato, Mario; Kadow, Alexander; MacDonald, Ronald; … - Scottish Institute for Research in Economics (SIRE) - 2010
The so-called German Dominance Hypothesis (GDH) claimed that Bundesbank policies were transmitted into other European Monetary System (EMS) interest rates during the pre-euro era. We reformulate this hypothesis for the Central and Eastern European (CEE) countries that are on the verge of...