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Author Thornton, John, 1951-

Title Additional Evidence on EMS Interest Rate Linkages / Thornton, John
Published Washington, D.C. : International Monetary Fund, 1996
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Description 1 online resource
Summary Annotation 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
Notes Available in PDF, ePUB, and Mobi formats on the Internet
Form Electronic book
Author GarcĂ­a-Herrero, Alicia.
Thornton, John, 1951-
International Monetary Fund.
ISBN 1455297844