Article: The impact of net international capital inflows on nominal long-term interest rates in France.

Introduction

In recent years, determinants of interest rates have been investigated extensively by a number of macroeconometric studies, in most cases using regression analysis [Alexander, 1989; Al-Saji, 1991, 1992, 1993; Barth et al., 1984, 1985; Belton, 1994; Cebula and Belton, 1993; Cebula, 1988, 1992; Cebula and Hung, 1992; Evans, 1985, 1987; Findlay, 1990; Hoelscher, 1983, 1986; Hutchinson and Pyle, 1984; Makin, 1983; Ostrosky, 1990; Saltz, 1992, 1993; Tanzi, 1985; Tran and Swahney, 1988; Zahid, 1988].(1) Although many of these studies address interest rate determinants for the U.S. or Canada, several address this issue for European Economic Community nations ...

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