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Browsing Department of Economics (ECO) by Subject "interest rates"
Now showing items 1-2 of 2
Title:Are Small Countries Able to set their Own Interest Rates? Assessing the implications of the macroeconomic trilemma
Author(s):HERWARTZ, Helmut; ROESTEL, JanDate:2010Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:According to the ’macroeconomic trilemma’ the ability of small economies to pursue an independent monetary policy is jointly determined by country specific foreign exchange (FX) rate flexibility and capital mobility. In ...
Title:The Overnight Interbank Market: Evidence From the G-7 and the Euro Zone
Author(s):PRATI, Alessandro; BARTOLINI, Leonardo; BERTOLA, GiuseppeDate:2003Type of Publication:ArticleAbstract:We study the interbank markets for overnight loans of the major industrial countries, linking the behavior of short-term interest rates to the operating procedures of these countries' central banks. We find that many of ...
