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dc.contributor.authorApergis, Nicholas
dc.date.accessioned2019-03-14T17:37:24Z
dc.date.available2019-03-14T17:37:24Z
dc.date.issued1997-02
dc.identifier.urihttp://hdl.handle.net/10545/623573
dc.description.abstractThis paper examines the issue of the impact of domestic money markets on Eurocurrecy interest rates by taking into consideration the exchange rate changes for the case of four countries, namely, the United States, the United Kingdom, Germany, and Japan over the 1975–1993 time period. Granger causality tests conclude that as regards cases where the exchange rate is allowed freely to float there exists mutual influence between domestic interest rates and Eurocurrency yields. By contrast, in cases that the exchange rate is relatively fixed, it is the behavior of international money markets that determines the course of the domestic money market.en
dc.description.sponsorshipN/Aen
dc.language.isoenen
dc.publisherElsevieren
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectDomestic and eurocurrency yieldsen
dc.subjectexchange rateen
dc.subjectVAR modellingen
dc.titleDomestic and eurocurrency yields: Any exchange rate link? Evidence from a VAR modelen
dc.typeArticleen
dc.contributor.departmentUniversity of Macedoniaen
dc.identifier.journalJournal of Policy Modelingen


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