Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5089705 | Journal of Banking & Finance | 2012 | 10 Pages |
Abstract
⺠Interest rates are more correlated across rather than within countries. ⺠We find a common factor for international long run interest rates. ⺠We link this common factor to global industrial production, inflation and savings. ⺠Global savings seem to explain the domestic interest rates disconnect.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Joseph P. Byrne, Giorgio Fazio, Norbert Fiess,