The term structure of interest rates and
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Mark J. Holmes; Eric J. Pentecost
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Article
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1997
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John Wiley and Sons
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English
β 188 KB
π 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