Asymmetry in the ERM : A Case Study of French and German Interest Rates Since Basle-Nyborg /

We study empirically daily French and German interest rate changes since the Basle-Nyborg agreement of September 1987. In particular, we ask whether the shock associated with German unification altered the degree of leadership of German monetary policy in the ERM. We conclude that Germany's lea...

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Detalles Bibliográficos
Autor principal: Perraudin, W.
Otros Autores: Gardner, E.
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 1992.
Colección:IMF Working Papers; Working Paper ; No. 1992/096
Acceso en línea:Full text available on IMF
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245 1 0 |a Asymmetry in the ERM :   |b A Case Study of French and German Interest Rates Since Basle-Nyborg /  |c W. Perraudin, E. Gardner. 
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300 |a 1 online resource (53 pages) 
490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a We study empirically daily French and German interest rate changes since the Basle-Nyborg agreement of September 1987. In particular, we ask whether the shock associated with German unification altered the degree of leadership of German monetary policy in the ERM. We conclude that Germany's leadership role within the ERM largely disappeared in the year following unification but that the Bundesbank has recently begun to reassert its predominance. 
538 |a Mode of access: Internet 
700 1 |a Gardner, E. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1992/096 
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