Abstract

Empirical estimates are obtained that indicate the degree of linkage between domestic real interest rates in Pacific Basin countries and those in the United States has increased as financial liberalization in the region has proceeded. J. Japan. Int. Econ., March 1990, 4(1), pp. 36–48. Federal Reserve Bank of San Francisco, San Francisco, California 94120-7702; University of California, Santa Cruz, California 95060.

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