-ins for monetary union with respect to Germany. Using tests for cointegration and common features for monthly data during the …

, Germany, and the UK between 1983 and 1997. We estimate multivariate VECM-GARCH models, which take into account moste of the …

To measure the global spillovers of a Chinese slowdown on the long-term nominal interest rates in the US/Germany, I … the first year. In the US, this leads to clear signaling effects but no portfolio balancing effects. In Germany, I find … independently from the US in the post SDC sample. Like in the US, I now find that in Germany, a lower Chinese leading indicator has …