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Interest rate pass-through in the EMU: New evidence from nonlinear cointegration techniques for fully harmonized data
Beckmann, Joscha; Belke, Ansgar; Verheyen, Florian - 2012
countries of the European Monetary Union. Applying a variety of cointegration techniques, we first test for a long …
Persistent link: https://www.econbiz.de/10010327332
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Interest rate pass-through in the EMU: New evidence from nonlinear cointegration techniques for fully harmonized data
Belke, Ansgar; Beckmann, Joscha; Verheyen, Florian - 2012
the European Monetary Union. Applying different cointegration techniques, we first test for a long-run relationship …
Persistent link: https://www.econbiz.de/10010287253
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Interest Rate Pass-Through in the EMU – New Evidence from Nonlinear Cointegration Techniques for Fully Harmonized Data
Belke, Ansgar; Beckmann, Joscha; Verheyen, Florian - 2012
the European Monetary Union. Applying different cointegration techniques, we first test for a long-run relationship …
Persistent link: https://www.econbiz.de/10010287340
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How Related are Interbank and Lending Interest Rates? Evidence on Selected European Union Countries
Heryán, Tomáš; Stavárek, Daniel - In: European Financial and Accounting Journal 5 (2010) 3-4, pp. 42-55
January 2004 to March 2010. Using Johansen cointegration and Granger causality tests on monthly data we investigate long …
Persistent link: https://www.econbiz.de/10010512867
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Interest rate pass-through: A nonlinear vector error-correction approach
Popiel, Michal - 2015
This paper analyzes pass-through from money market rates to consumer retail loan and deposit rates in Canada from 1983 to 2015 using a nonlinear vector error-correction model. In contrast to empirical frameworks used in previous studies, this model permits estimation of long-run pass-through...
Persistent link: https://www.econbiz.de/10011583195
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Disinflation and monetary independence in Romania
Goczek, Lukasz - In: Baltic Journal of Economics 15 (2015) 1, pp. 65-79
In this article, the issue of the monetary independence problem in view of the Romania's European Monetary Union accession is investigated empirically. It is frequently argued that for such a country, the main cost of participation in a currency area is the loss of monetary policy independence....
Persistent link: https://www.econbiz.de/10011868498
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Who Was in the Driving Seat in Europe During the Nineties, International Financial Markets or the BUBA?
Hammersland, Roger - 2004
The purpose of this paper is to reexamine empirically the relationship between long-term interest rates in well integrated financial markets. The analysis focuses on long-term interest rates in the US and Germany and has been carried out within the framework of a five dimensional VAR for the...
Persistent link: https://www.econbiz.de/10012143634
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Financial structure and its impact on the convergence of interest rate pass-through in Europe: A time-varying interest rate pass-through model
Schwarzbauer, Wolfgang - 2006
So far studies concerned with the interest pass-through of monetary policy have not taken into account one central issue that arose in Europe in the late 1990s: the importance of financial structure for the convergence of monetary transmission. This study addresses this shortcoming. We estimate...
Persistent link: https://www.econbiz.de/10010293728
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Integration and disintegration of EMU government bond markets
Leschinski, Christian; Voges, Michelle; Sibbertsen, Philipp - In: Econometrics 9 (2021) 1, pp. 1-17
It is commonly found that the markets for long-term government bonds of Economic and Monetary Union (EMU) countries … were integrated prior to the EMU debt crisis. Contrasting this, we show, based on the interrelation between market … integration and fractional cointegration, that there were periods of integration and disintegration that coincide with bull and …
Persistent link: https://www.econbiz.de/10012696318
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Measurement of Costs and Benefits of Accession to the European Union for Selected Countries in Central and Eastern Europe
Mortensen, Jorgen; Richter, Sandor - 2000
research focused particularly on the impact of the emerging EMU and on the application of the CAP, Structural Funds and the …
Persistent link: https://www.econbiz.de/10012100001