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There was monetary autonomy in Europe on the eve of EMU? The German dominance hypothesis reexamined

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dc.contributor.authorBajo Rubio, Óscar
dc.contributor.authorMontávez Garcés, María Dolores
dc.contributor.departmentEconomíaes_ES
dc.contributor.departmentEkonomiaeu
dc.date.accessioned2016-05-10T07:40:09Z
dc.date.available2016-05-10T07:40:09Z
dc.date.issued1999
dc.description.abstractIn this paper we re-examine the German dominance hypothesis, as a way to assess whether the loss of monetary autonomy in Europe associated with EMU had been significant. We use Granger-causality tests between the interest rates of Germany and all the countries participating at any time in the European Monetary System, with the sample period running until December 1998. Our results would support a weak version of the hypothesis, with Germany playing a certain “leadership” or special role in the EMS, although she would not had been strictly the “dominant” player.en
dc.format.extent23 p.
dc.format.mimetypeapplication/pdfen
dc.identifier.urihttps://academica-e.unavarra.es/handle/2454/20573
dc.language.isoengen
dc.relation.ispartofseriesDocumentos de Trabajo DE - ES Lan Gaiakes
dc.relation.ispartofseries9906en
dc.rightsCC Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0)en
dc.rights.accessRightsAcceso abierto / Sarbide irekiaes
dc.rights.accessRightsinfo:eu-repo/semantics/openAccessen
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectEuropean monetary unionen
dc.subjectGerman dominance hypothesisen
dc.subjectGranger-causalityen
dc.titleThere was monetary autonomy in Europe on the eve of EMU? The German dominance hypothesis reexamineden
dc.typeDocumento de trabajo / Lan gaiakes
dc.typeinfo:eu-repo/semantics/workingPaperen
dspace.entity.typePublication
relation.isAuthorOfPublication53d8540e-53c6-482d-b79d-1671820c0b0e
relation.isAuthorOfPublication7f636858-0cae-49ca-973c-9539c1c2986d
relation.isAuthorOfPublication.latestForDiscovery53d8540e-53c6-482d-b79d-1671820c0b0e

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