文章基本信息

标题：Was There Monetary Autonomy in Europe on the Eve of Emu? the German Dominance Hypothesis Re-Examined
其他标题：Was There Monetary Autonomy in Europe on the Eve of Emu? the German Dominance Hypothesis Re-Examined
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作者：Oscar Bajo-Rubio ; M. Dolores Montávez-Garcés
期刊名称：Journal of Applied Economics
印刷版ISSN：1514-0326
电子版ISSN：1667-6726
出版年度：2002
卷号：5
期号：2
页码：185-207
DOI：10.1080/15140326.2002.12040576
摘要：In 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 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.
关键词：F33 ; F36 ; E50