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The term structure of interest rates during a financial reform: Argentina 1977-81

✍ Scribed by Leonardo Leiderman; Mario I. Blejer


Book ID
116124105
Publisher
Elsevier Science
Year
1987
Tongue
English
Weight
804 KB
Volume
25
Category
Article
ISSN
0304-3878

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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