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Zinssätze und Preisindizes in ECU
Ein Beitrag zur Arithmetik von Währungskörben
Deville, Volker | Gebauer, Wolfgang
Credit and Capital Markets – Kredit und Kapital, Vol. 20 (1987), Iss. 4 : pp. 439–453
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Volker Deville, Frankfurt/M.
Wolfgang Gebauer, Frankfurt/M.
References
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Abstract
Interest Rates and Price Indices in ECU
Remarks on the Arithmetic of Currency Baskets
The ECU interest rates are explained by introducing basket weight expectations and analysing political influences. The model results in higher interest rates than the weighted average of national interest rates which has been seen as theoretical rates until now; it explains better the market rates. These results are also used for constructing an ECU consumer price index, taking into account the changing currency weights, which is used for computing ECU inflation rates and ECU real interest rates.