01555cas a2200253 a 4500 AALejournalIMF002067 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451949988 1018-5941 BD-DhAAL BD-DhAAL Perraudin, W. Asymmetry in the ERM : A Case Study of French and German Interest Rates Since Basle-Nyborg / W. Perraudin, E. Gardner. Washington, D.C. : International Monetary Fund, 1992. 1 online resource (53 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 We study empirically daily French and German interest rate changes since the Basle-Nyborg agreement of September 1987. In particular, we ask whether the shock associated with German unification altered the degree of leadership of German monetary policy in the ERM. We conclude that Germany's leadership role within the ERM largely disappeared in the year following unification but that the Bundesbank has recently begun to reassert its predominance. Mode of access: Internet Gardner, E. IMF Working Papers; Working Paper ; No. 1992/096 Full text available on IMF http://elibrary.imf.org/view/journals/001/1992/096/001.1992.issue-096-en.xml IMF e-Library