Ehrmann, Michael; Fratzscher, Marcel - In: International Finance 6 (2003) 3, pp. 309-28
This paper investigates how money markets in the USA, Germany (up to 1998) and the euro area (since 1999) react to … the German and the euro area market react to Federal Reserve announcements, whereas US markets do not generally respond to … money markets has increased considerably over time: interest rate developments and volatility in either the USA or the euro …