search query: @indexterm FINANCIAL INTERMEDIARIES / total: 113
reference: 9 / 113
| Author: | Vieira, I. |
| Title: | Evaluating capital mobility in the EU: a new approach using swaps data |
| Journal: | European Journal of Finance
2003 : OCT, VOL. 9:5, p. 514-532 |
| Index terms: | Capital markets Financial intermediaries Swaps European Union |
| Freeterms: | Capital mobility Capital interest parity |
| Language: | eng |
| Abstract: | The level of capital mobility prevailing within a group of core European Union countries is evaluated by means of cointegration -based tests of the vovered interest parity. The stdy concentrates on long maturities, investigating three to ten-year assets, and employing swap rates as a means of covering foreign exchange risk. Although CIP has not been previously assessed for EU long-term interest rates, such evaluation has practical interest. The analysis suggests that long-term financial flows appear to be completely unresttrained only between domestic Dutch and German markets. |
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