Template-Type: ReDIF-Paper 1.0
Title: German Unification and the EMS: A Non-Parametric Approach to the
  	Asymmetry Question
Author-Name: Axel Cron, Jens Weidmann
Abstract: This paper attempts to analyze the impact of German unification on
  	the position that Germany holds within the European Monetary System
  	(EMS), i.\ e.\ on the asymmetry in the EMS. Applying kernel
  	estimation and bootstrap methods we can corroborate the result of
  	previous studies that Germany's position within the EMS was not
  	weakened by German unification when speculative periods before and
  	after German  unification are compared. Moreover, our data exhibit
  	significant non-linearities pointing to threshold cointegration or
  	regime switching processes.
Keywords: European Monetary System (EMS), German unification, asymmetry,
  	interest rates, speculative crises, kernel estimation, bootstrap.
Classification-JEL: F33; E43; C14
Creation-Date: 1996-01
File-URL: http://www.wiwi.uni-bonn.de/bgsepapers/bonsfb/bonsfb353.ps
File-Format: Application/Postscript
File-Size: 21
Handle: RePEc:bon:bonsfb:353