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| Author: | Kirchgassner, G. Wolters, J. |
| Title: | Interest rate linkages in Europe before and after the introduction of the European monetary 18system |
| Journal: | Empirical Economics
1995 : VOL. 20:3, p. 435-454 |
| Index terms: | INTEREST RATES EUROPE EUROPEAN MONETARY SYSTEM |
| Language: | eng |
| Abstract: | In this paper, possible interest rate linkages between the U.S. and Europe and within Europe are investigated with special reference to the EMS. The authors use three-month domestic money rates from 1974 to 1979, from 1983 to 1989, and from 1990 to 1994 for Belgium, France, Germany, Italy, the Netherlands, Switzerland, the UK and the U.S. For all periods the authors find a strong German influence on the development in the other European countries and, for the first two periods, at best a very weak direct influence from the U.S. |
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