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| Titel: |
Changes In The Extent Of Finacial Interdependence Between The G7 Countries In The 1970s and 1980s |
| Auteur: |
Holmes, Mark J. Pentecost, Eric J. |
| Verschenen in: |
International economic journal |
| Paginering: | Jaargang 6 (1992) nr. 4 pagina's 95-105 |
| Jaar: |
1992 |
| Inhoud: |
This paper uses principal components analysis to examine the extent to which financial interdependence within the G7 countries has changed between the 1970s and the 1980s. In general, evidence is found of both greater capital market integration and of monetary interdependence. More specifically, the US, Japan and West Germany have all lost some degree of autonomy over monetary policy, while the UK has retained some autonomy by remaining outside the exchange rate mechanism of the European monetary system. In terms of capital market intergration, five of the G7 countries seem to have become more interdependent, the exceptions being Japan and the UK. [F15, F36] |
| Uitgever: |
Routledge |
| Bronbestand: |
Elektronische Wetenschappelijke Tijdschriften |
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