Asymmetry in the ERM : A Case Study of French and German Interest Rates Since Basle-Nyborg

A Case Study of French and German Interest Rates Since Basle-Nyborg

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 leadership role within the ERM largely disappeared in... READ MORE...

Publication date: November 1992
ISBN 9781451949988
$15.00

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