IS THE BUNDESBANK DIFFERENT FROM OTHER CENTRAL BANKS?

Michael Funke and Stephen Hall

Chapter 3 in Link Proceedings 1991, 1992:Selected Papers from Meetings in Moscow, 1991, and Ankara, 1992, 1998, pp 45-59 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractAn important question for the future of European Monetary Union is whether the central banks of the European member states are fundamentally similar or are there real differences between them. Much casual evidence seems to suggest that the Bundesbank is fundamentally different in its method of operation from the other central banks. This paper attempts to find econometric evidence which may clarify this situation. It proceeds by using the framework familiar from the multivariate cointegration literature which allows a more complete treatment of causality than has hitherto been possible. It is argued that there does appear to be evidence that the Bundesbank operates in a qualitatively different way from the other Banks.

Date: 1998
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9789812816870_0003 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9789812816870_0003 (text/html)
Ebook Access is available upon purchase.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:wschap:9789812816870_0003

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().