Validity of the short- and long-run Fisher relationships: an empirical analysis

Article Abstract:

The Fisher hypothesis states that the nominal interest rate on financial securities must be equal to the expected inflation rate plus the expected real interest rate. The short- and long-run Fisher relationships for US, UK, Canada and Japan were investigated. The monthly date on Eurocurrency interest rates and inflation rates were used in the analysis. The results showed that the long-run Fisher relationships hold for all four countries. However, short-run Fisher relationships hold only for UK and Japan, and is significant for the US only at the 10% level.

Eurocurrency market

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Monetary transmission via the administered interest rates channel

Article Abstract:

Administered interest rate system and the process of monetary transmission by these systems are assessed by focusing on Singapore's economic system.

Singapore, Interest Rates, Evaluation, Monetary systems

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Issue costs in the Eurobond market: The effects of market integration

Article Abstract:

Issuance costs of Eurobonds is compared in the context of pre- and post- completion of the Economic and Monetary Union (EMU) in 2002.

Europe, Economic aspects, Eurobond market, European Union. Economic and Monetary Union

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