Browsing by Subject "International transmission mechanism"
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Item Open Access The effects of anticipated and unanticipated federal funds target rate changes on domestic interest rates: international evidence(S.E.I.F at Paris, 2010) Berument, Hakan; Ceylan, N. B.This paper assesses the effects of anticipated and unanticipated United States Federal Funds target rate changes on the domestic interest rates of a set of countries for the period from June 1989 to August 2008. The empirical evidence provided here suggests that i. unanticipated changes have a greater effect than anticipated changes; and ii. evidence from developed markets is stronger than that from developing/emerging markets.