search query: @indexterm EUROPEAN MONETARY SYSTEM / total: 608
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| Author: | Lee, Y.-S. |
| Title: | The Federal funds market and the overnight Eurodollar market |
| Journal: | Journal of Banking and Finance
2003 : APR, VOL. 27:4, p. 749-771 |
| Index terms: | Eurodollars European monetary system Regulations USA |
| Language: | eng |
| Abstract: | The author finds that the overnight Eurodollar rate shows similar predictable daily changes as does the Fed funds rate although the absolute magnitudes are slightly less. The empirical results support the hypothesis that the tendencies in daily changes in the two overnight interest rates are caused by the characteristics of the Fed funds market. |
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