01824cas a2200325 a 4500 AALejournalIMF000272 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451942941 1018-5941 BD-DhAAL BD-DhAAL Thornton, John. Additional Evidenceon Ems Interest Rate Linkages / John Thornton, Alicia Garcia-Herrero. Washington, D.C. : International Monetary Fund, 1996. 1 online resource (16 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This note examines interest rate linkages within the EMS. Cointegration tests suggest the existence of a long-run equilibrium relationship between German and other EMS interest rates. Bivariate VAR analysis finds that Granger-causality either stems from German to other European interest rates (Belgium, France, Spain, and the U.K.) or is bidirectional (Denmark and the Netherlands). When allowance is made for the influence of U.S. interest rates, the pattern of Granger causality is predominantly bidirectional. Mode of access: Internet EMS Interest Rate Linkage imf EMS Interest Rate Movement imf EMS Interest Rates imf Interest Rate imf WP imf Germany imf Garcia-Herrero, Alicia. IMF Working Papers; Working Paper ; No. 1996/115 Full text available on IMF http://elibrary.imf.org/view/journals/001/1996/115/001.1996.issue-115-en.xml IMF e-Library