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Positive Interest Rates: Financial Deepening and the Mobilisation of Savings in Africa

✍ Scribed by Sylvanus I. Ikhide


Book ID
110951749
Publisher
John Wiley and Sons
Year
1993
Tongue
English
Weight
741 KB
Volume
11
Category
Article
ISSN
0950-6764

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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