Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/25139 
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dc.contributor.authorWeber, Enzoen
dc.date.accessioned2006-10-05-
dc.date.accessioned2009-07-23T14:44:04Z-
dc.date.available2009-07-23T14:44:04Z-
dc.date.issued2006-
dc.identifier.urihttp://hdl.handle.net/10419/25139-
dc.description.abstractIn this paper, the capital market relations between the Euro area and the USA are subject to investigation. Formally based on the uncovered interest rate parity (UIP), first a longrun equilibrium between Euro and US government bond yields is established in backward recursively estimated vector error correction models (VECMs). Subsequently, the focus lies on interest rate leadership and adjustment as well as capital market integration. One major finding shows, that the foundation of the European Monetary Union (EMU) strengthened its role relative to the USA. Furthermore, the transatlantic connections have become closer in the course time.en
dc.language.isoengen
dc.publisher|aHumboldt University of Berlin, Collaborative Research Center 649 - Economic Risk |cBerlinen
dc.relation.ispartofseries|aSFB 649 Discussion Paper |x2006,056en
dc.subject.jelE44en
dc.subject.jelF36en
dc.subject.jelC32en
dc.subject.ddc330en
dc.subject.keywordCapital Marketen
dc.subject.keywordUIPen
dc.subject.keywordEuroen
dc.subject.keywordTransatlantic Relationsen
dc.titleThe euro and the transatlantic capital market leadership: a recursive cointegration analysis-
dc.type|aWorking Paperen
dc.identifier.ppn518433951en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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