International interest rate convergence: a survey of the issues and evidence

World financial markets have become substantially integrated over the last two decades. Contrary to widespread expectations, however, this integration has not led to any greater convergence of interest rates across countries. This article examines why convergence has not occurred and more generally what financial integration does—and does not—mean for international interest rate relations.

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Year of publication:	1993
Authors:	Pigott, Charles
Published in:	Quarterly Review. - Federal Reserve Bank of New York. - 1993, Win, v. 18, no. 4, p. 24-37
Publisher:	Federal Reserve Bank of New York
Subject:	Interest rates \| International finance

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005706899