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2007-03-26Buch DOI: 10.18452/4033
What Happened to the Transatlantic Capital Market Relations?
dc.contributor.authorWeber, Enzo
dc.date.accessioned2017-06-15T23:23:29Z
dc.date.available2017-06-15T23:23:29Z
dc.date.created2007-03-28
dc.date.issued2007-03-26
dc.identifier.issn1860-5664
dc.identifier.urihttp://edoc.hu-berlin.de/18452/4685
dc.description.abstractThis paper investigates the capital market relations between Euroland and the USA from 1990 until 2006. Formally based on the uncovered interest rate parity (UIP), backward recursive estimations establish a long-run equilibrium between European and US government bond yields. Since the mid-1990s though, cointegration can only be achieved additionally considering the exchange rate. The reason proves a stochastic trend common to the European interest and the exchange rate, consistently explained by central bank reactions and unfinished learning processes on the role of the euro. Furthermore, the US capital market dominance is strongly reduced, leading to transatlantic interdependence at eye level.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/
dc.subjectUIPeng
dc.subjectEuro Areaeng
dc.subjectCapital Marketeng
dc.subjectUnited Stateseng
dc.subject.ddc330 Wirtschaft
dc.titleWhat Happened to the Transatlantic Capital Market Relations?
dc.typebook
dc.identifier.urnurn:nbn:de:kobv:11-10076564
dc.identifier.doihttp://dx.doi.org/10.18452/4033
dc.subject.dnb17 Wirtschaft
local.edoc.container-titleSonderforschungsbereich 649: Ökonomisches Risiko
local.edoc.pages20
local.edoc.type-nameBuch
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume2007
local.edoc.container-issue14
local.edoc.container-year2007
local.edoc.container-erstkatid2195055-6

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