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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Bibliografische gegevens
Hoofdauteur: Perraudin, W.
Andere auteurs: Gardner, E.
Formaat: Tijdschrift
Taal:English
Gepubliceerd in: Washington, D.C. : International Monetary Fund, 1992.
Reeks:IMF Working Papers; Working Paper ; No. 1992/096
Online toegang:Full text available on IMF