Advanced Search
MyIDEAS: Login to save this article or follow this journal

Les effets de la réunification sur les taux d'intérêt allemands


Author Info

  • Sanvi Avouyi-Dovi
  • Anne Bauer
  • Catherine Augory


[fre] Les effets de la réunification sur les taux d'intérêt allemands. . Les modèles traditionnels de prévision des taux d'intérêt sont devenus inadéquats après la réunification. Cet article tente de prendre en compte un effet d'offre de titres qui pourrait expliquer la hausse prononcée des taux allemands sur la période 1989-1991. Après la réunification, le rythme d'émissions d'obligations publiques a un effet positif significatif sur le taux court ; l'offre d'obligations influence positivement et significativement le taux long ; les autres canaux d'in­fluence ne sont pas remis en cause. L'inclusion de ces variables améliore donc les qualités d'ajustement des modèles. [eng] The effets of reunification on germaninterest rates. . Traditional interest rate forecast models have become inadequate since the German reunification. This article attempts to take into account the bond supply effect which could explain the sharp rise in German interest rates over the period 1989-1991. After the reunification the rate of bond issues bas a significantly positive influence on the short term rate where as, bond supply has a stronger positive influence on long term rate ; the importance of the other traditional variables is not however challenged. The inclusion of the above variables improve the models quality.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL:
Download Restriction: Data and metadata provided by Persée are licensed under a Creative Commons "Attribution-Noncommercial-Share Alike 3.0" License

File URL:
Download Restriction: Data and metadata provided by Persée are licensed under a Creative Commons "Attribution-Noncommercial-Share Alike 3.0" License

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Bibliographic Info

Article provided by Programme National Persée in its journal Revue économique.

Volume (Year): 44 (1993)
Issue (Month): 5 ()
Pages: 1001-1026

as in new window
Handle: RePEc:prs:reveco:reco_0035-2764_1993_num_44_5_409493

Note: DOI:10.2307/3502169
Contact details of provider:
Web page:

Related research


Other versions of this item:


No references listed on IDEAS
You can help add them by filling out this form.


Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Thierry Cailleau, 1999. "Taux de conversion et déstabilisation allemande : retour sur une intégration contrariée," Revue d'Économie Financière, Programme National Persée, Programme National Persée, vol. 55(5), pages 69-97.


This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.


Access and download statistics


When requesting a correction, please mention this item's handle: RePEc:prs:reveco:reco_0035-2764_1993_num_44_5_409493. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Equipe PERSEE).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.