Capital inflows and euro area long-term interest rates
نویسندگان
چکیده
منابع مشابه
The Euro Area and World Interest Rates
We analyze the behavior of world interest rates, focusing on the ramifications of European Monetary Union. Our analysis indicates that nominal US interest rates tend to drive European rates at both the short and long horizons. There is some evidence that US rates are becoming increasingly influenced by European rates, but the relationship is still far from symmetric, despite EMU. We also invest...
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ژورنال
عنوان ژورنال: Journal of International Money and Finance
سال: 2015
ISSN: 0261-5606
DOI: 10.1016/j.jimonfin.2015.02.021