Interest pass judgment in one ground are affected by pertain rates in other countries. In the past, frugal phenomena that influence interest rates in one country took some extended period of time before their cause were tangle in other countries.
The time duration ask for the transmission of such effects depended primarily on the completion to whi
The increased pace of globalization of economic activity in recent years has, among other things, increased to level of economic and financial integration among most all economies in the world. As a consequence, the effects of interest rate changes in one country are felt in other countries much more quickly than was unbowed in the past. Thus, interest rate levels today are much more volatile than was true in the past (Saunders & Cornett, 2006).
ch the economic activities of the two countries were integrated (Saunders & Cornett, 2006).
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