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dc.contributor.authorGoldberg, Lawrence G.-
dc.contributor.authorLothian, James R.-
dc.contributor.authorOkunev, John-
dc.date.accessioned2008-05-29T13:59:22Z-
dc.date.available2008-05-29T13:59:22Z-
dc.date.issued1997-09-
dc.identifier.urihttp://hdl.handle.net/2451/26953-
dc.description.abstractThis paper compares the behavior of real interest rate differentials across the major countries under the Bretton Woods Regime and the regime of floating exchanges that replaced it. The primary object is to investigate both the extent of market integration and how it may have changed through time. For all fifteen possible country pairs real interest differentials are mean reverting, and in two-thirds of these cases indistinguishable from zero statistically. Additional evidence points to a narrowing of differentials under floating rates over time and an increase in speeds of convergence.en
dc.language.isoen_USen
dc.relation.ispartofseriesFIN-98-040en
dc.titleHas International Financial Integration Increased?en
dc.typeWorking Paperen
Appears in Collections:Economics Working Papers

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