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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Format: | Czasopismo |
Język: | English |
Wydane: |
Washington, D.C. :
International Monetary Fund,
1992.
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Seria: | IMF Working Papers; Working Paper ;
No. 1992/096 |
Dostęp online: | Full text available on IMF |