Goldberg, Lawrence G.; Lothian, James R.; Okunev, John - 2002
integration and its changes over time. For all fifteen possible country pairs real interest differentials are mean reverting, and … integration. In this paper, we examine the behavior of cross-countr y real interest rate differentials for the United States and … integration per se and whether and how it may have changed through time. We focus on three issues specifically: whether real …