Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/25139
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dc.contributor.authorWeber, Enzoen_US
dc.date.accessioned2006-10-05en_US
dc.date.accessioned2009-07-23T14:44:04Z-
dc.date.available2009-07-23T14:44:04Z-
dc.date.issued2006en_US
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_US
dc.language.isoengen_US
dc.publisher|aSFB 649, Economic Risk|cBerlinen_US
dc.relation.ispartofseries|aSFB 649 discussion paper|x2006,056en_US
dc.subject.jelE44en_US
dc.subject.jelF36en_US
dc.subject.jelC32en_US
dc.subject.ddc330en_US
dc.subject.keywordCapital Marketen_US
dc.subject.keywordUIPen_US
dc.subject.keywordEuroen_US
dc.subject.keywordTransatlantic Relationsen_US
dc.titleThe euro and the transatlantic capital market leadership: a recursive cointegration analysisen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn518433951en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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