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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| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
1992.
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| Серія: | IMF Working Papers; Working Paper ;
No. 1992/096 |
| Онлайн доступ: | Full text available on IMF |