Interest Rate Linkages within the European Monetary System: Further Analysis
J. Costas Karfakis and Demetrios M. Moschos (1990) examine the interest rate linkages within the European Monetary System (EMS), concluding that the German interest rate plays a dominate role within the EMS. The authors reexamine the interest rate linkages within the EMS with the addition of the interest rate of the United States. Their results suggest that both the United States and German interest rates play an important, but not dominant, role in EMS interest rate linkages. Copyright 1993 by Ohio State University Press.
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Volume (Year): 25 (1993)
Issue (Month): 4 (November)
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