Data/hora: 13/06/2024 02:24:59

Provedor de dados: | 31
País: | United States
Título: | Was there Monetary Autonomy in Europe on the eve of EMU? The German Dominance Hypothesis Re-Examined
Autores: | Bajo-Rubio,   Oscar; Montavez-Garces,   M. Dolores.
Data: | 2008-10-10
Ano: | 2002
Palavras-chave: | European monetary union; German dominance hypothesis; Granger-causality; Financial Economics; F33; F36; E50.
Resumo: | In this paper we re-examine the German dominance hypothesis, as a way to assess whether the loss of monetary autonomy in Europe associated with EMU had been significant. We use Granger-causality tests between the interest rates of Germany and all the countries participating in the European Monetary System, with the sample period running until December 1998. Our results would support a weak version of the hypothesis, with Germany playing a certain "leadership" or special role in the EMS, although she would not have been strictly the "dominant" player.
Tipo: | Journal Article
Idioma: | Inglês

Identificador:

Print ISSN 1514-0326

Online ISSN 1667-6726

http://purl.umn.edu/44077

Relação: | Journal of Applied Economics&gt;Volume 5, Number 2, November 2002
Formato: | 26