Knot, Klaas; Dijkstra, Theo; Haan, Jakob de - In: Economic Notes 28 (1999) 2, pp. 171-194
type="main" xml:lang="en" <p>We extend Svensson's (1991b) analysis of the term structure of interest rate differentials in a target zone. First, the model includes a time-varying devaluation risk, and second, we analyse the term structure of interest differentials vis-a-vis Germany in five...</p>
