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German dominance in the EMS Author info | Abstract | Publisher info | Download info | Related research | Statistics Michele Fratianni
Juergen Hagen
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The paper assesses the merit of the view according to which the Bundesbank dominates monetary policy-making in the European Monetary System. Our tests give a strong rejection of German dominance and suggest, instead, that monetary policymaking in the EMS is interactive. There is evidence that the Bundesbank pursues her own policy goals in the longer run. But German independence does not imply German dominance. Copyright Kluwer Academic Publishers 1990
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Article provided by Springer in its journal Open Economies Review .
Volume (Year): 1 (1990)
Issue (Month): 1 (February)
Pages: 67-87
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Handle: RePEc:kap:openec:v:1:y:1990:i:1:p:67-87Contact details of provider: Web page: http://www.springerlink.com/link.asp?id=100323
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Cohen, Daniel & Wyplosz, Charles, 1989.
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
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Merih Uctum, 1996.
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Other versions: Marcel Fratzscher, 2002.
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Clemens Kool & Alex Lammertsma, 2005.
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Axel Cron, Jens Weidmann, 1996.
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Forssbaeck, Jens & Oxelheim, Lars, 2005.
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George Tavlas, 1994.
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Vuyyuri, S., 2004.
"Linkages of Indian Interest Rates with US and Japanese Rates ,"
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Ulrich Camen & Hans Genberg & Michael Salemi, 1991.
"Asymmetric monetary policies? the case of Germany and France ,"
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Marco R. Barassi & Guglielmo Maria Caporale & Stephen G. Hall, 2005.
"Interest rate linkages: identifying structural relations ,"
Applied Financial Economics ,
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Óscar Bajo Rubio & Simón Sosvilla Rivero & Fernando Fernández Rodríguez, 2000.
"Asymmetry In The Ems: New Evidence Based On Non-Linear Forecasts ,"
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Other versions:
Oscar Bajo-Rubio & Simón Sosvilla-Rivero & Fernado Fernández-Rodríguez, .
"Asymmetry in the EMS: New evidence based on non-linear forecasts ,"
Working Papers
97-24, FEDEA.
[Downloadable!] Bajo-Rubio, Oscar & Sosvilla-Rivero, Simon & Fernandez-Rodriguez, Fernando, 2001.
"Asymmetry in the EMS: New evidence based on non-linear forecasts ,"
European Economic Review ,
Elsevier, vol. 45(3), pages 451-473, March.
[Downloadable!] (restricted) Clemens J.M. Kool & Alex Lammertsma, 2003.
"Inflation Persistence under Semi-Fixed Exchange Rate Regimes: The European Evidence 1974-1998 ,"
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04-04, Utrecht School of Economics.
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Karsten Biltoft & Christian Boersch, 1992.
"Interest rate causality and asymmetry in the EMS ,"
Open Economies Review ,
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Al Kutan, 1991.
"German dominance in the European Monetary System: Evidence from money supply growth rates ,"
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