Additional Evidenceon Ems Interest Rate Linkages /

This note examines interest rate linkages within the EMS. Cointegration tests suggest the existence of a long-run equilibrium relationship between German and other EMS interest rates. Bivariate VAR analysis finds that Granger-causality either stems from German to other European interest rates (Belgi...

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Xehetasun bibliografikoak
Egile nagusia: Thornton, John
Beste egile batzuk: Garcia-Herrero, Alicia
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 1996.
Saila:IMF Working Papers; Working Paper ; No. 1996/115
Gaiak:
Sarrera elektronikoa:Full text available on IMF
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100 1 |a Thornton, John. 
245 1 0 |a Additional Evidenceon Ems Interest Rate Linkages /  |c John Thornton, Alicia Garcia-Herrero. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1996. 
300 |a 1 online resource (16 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This note examines interest rate linkages within the EMS. Cointegration tests suggest the existence of a long-run equilibrium relationship between German and other EMS interest rates. Bivariate VAR analysis finds that Granger-causality either stems from German to other European interest rates (Belgium, France, Spain, and the U.K.) or is bidirectional (Denmark and the Netherlands). When allowance is made for the influence of U.S. interest rates, the pattern of Granger causality is predominantly bidirectional. 
538 |a Mode of access: Internet 
650 7 |a EMS Interest Rate Linkage  |2 imf 
650 7 |a EMS Interest Rate Movement  |2 imf 
650 7 |a EMS Interest Rates  |2 imf 
650 7 |a Interest Rate  |2 imf 
650 7 |a WP  |2 imf 
651 7 |a Germany  |2 imf 
700 1 |a Garcia-Herrero, Alicia. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1996/115 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1996/115/001.1996.issue-115-en.xml  |z IMF e-Library