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CREDIBILITY, INTEREST RATES AND THE ERM: THE IRISH EXPERIENCE

✍ Scribed by Brendan Walsk


Book ID
115232805
Publisher
John Wiley and Sons
Year
2009
Tongue
English
Weight
115 KB
Volume
55
Category
Article
ISSN
0140-5543

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✍ Mark J. Holmes; Eric J. Pentecost πŸ“‚ Article πŸ“… 1997 πŸ› John Wiley and Sons 🌐 English βš– 188 KB πŸ‘ 2 views

In this paper we examine the relationship between the term structure of interest rates for six major European Union countries, to discover if the Exchange Rate Mechanism has lead to a converging of domestic term structures. We test this hypothesis using a model of international interest rate parity