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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| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Washington, D.C
International Monetary Fund
1992
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| Series: | IMF Working Papers
Working Paper No. 92/96 |
| Online Access: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Summary: | 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 |
| Physical Description: | 1 Online-Ressource (53 p) |
| ISBN: | 1451949987 9781451949988 |
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| index_date | 2024-07-03T20:13:16Z |
| indexdate | 2024-07-10T09:35:23Z |
| institution | BVB |
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| language | English |
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| spelling | Perraudin, W. R. M. Verfasser aut Asymmetry in the ERM A Case Study of French and German Interest Rates Since Basle-Nyborg Perraudin, W. R. M Washington, D.C International Monetary Fund 1992 1 Online-Ressource (53 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 92/96 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 Online-Ausg Gardner, E. H. Sonstige oth http://elibrary.imf.org/view/IMF001/00461-9781451949988/00461-9781451949988/00461-9781451949988.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Perraudin, W. R. M. Asymmetry in the ERM A Case Study of French and German Interest Rates Since Basle-Nyborg |
| title | Asymmetry in the ERM A Case Study of French and German Interest Rates Since Basle-Nyborg |
| title_auth | Asymmetry in the ERM A Case Study of French and German Interest Rates Since Basle-Nyborg |
| title_exact_search | Asymmetry in the ERM A Case Study of French and German Interest Rates Since Basle-Nyborg |
| title_exact_search_txtP | Asymmetry in the ERM A Case Study of French and German Interest Rates Since Basle-Nyborg |
| title_full | Asymmetry in the ERM A Case Study of French and German Interest Rates Since Basle-Nyborg Perraudin, W. R. M |
| title_fullStr | Asymmetry in the ERM A Case Study of French and German Interest Rates Since Basle-Nyborg Perraudin, W. R. M |
| title_full_unstemmed | Asymmetry in the ERM A Case Study of French and German Interest Rates Since Basle-Nyborg Perraudin, W. R. M |
| title_short | Asymmetry in the ERM |
| title_sort | asymmetry in the erm a case study of french and german interest rates since basle nyborg |
| title_sub | A Case Study of French and German Interest Rates Since Basle-Nyborg |
| url | http://elibrary.imf.org/view/IMF001/00461-9781451949988/00461-9781451949988/00461-9781451949988.xml |
| work_keys_str_mv | AT perraudinwrm asymmetryintheermacasestudyoffrenchandgermaninterestratessincebaslenyborg AT gardnereh asymmetryintheermacasestudyoffrenchandgermaninterestratessincebaslenyborg |