| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Was there Monetary Autonomy in Europe on the eve of EMU? The German Dominance Hypothesis Re-Examined
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| Autores: |
Bajo-Rubio, Oscar
Montavez-Garces, M. Dolores
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| Data: |
2008-10-10
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| Ano: |
2002
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| Palavras-chave: |
European monetary union
German dominance hypothesis
Granger-causality
Financial Economics
F33
F36
E50
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| 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.
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| Tipo: |
Journal Article
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| Idioma: |
Inglês
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| Identificador: |
Print ISSN 1514-0326
Online ISSN 1667-6726
http://purl.umn.edu/44077
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| Relação: |
Journal of Applied Economics>Volume 5, Number 2, November 2002
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| Formato: |
26
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