The Reaction of Exchange Rates and Interest Rates to News Releases PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download The Reaction of Exchange Rates and Interest Rates to News Releases PDF full book. Access full book title The Reaction of Exchange Rates and Interest Rates to News Releases by Hali J. Edison. Download full books in PDF and EPUB format.
Author: Hali J. Edison
Publisher:
ISBN:
Category :
Languages : en
Pages : 36
Get Book Here
Book Description
This paper examines the response of exchange rates and interest rates--U.S. and foreign--to economic news. The news is associated with the surprise component of the monthly release of six U.S. macroeconomic variables. The results suggest that dollar exchange rates systematically react to news about real economic activity--a surprise of 100,000 on non-farm payroll employment leads to a 0.2 percent appreciation of the exchange rate. In general, exchange rates do not react systematically to news on inflation. By contrast, U.S. interest rates respond to both types of news, although the response continues to be extremely small, on the order of 1 to 2 basis points. Finally, Japanese interest rates systematically react, but to a very minor extent, to news about U.S. real economic activity, while German rates, in general, do not.
Author: Hali J. Edison
Publisher:
ISBN:
Category :
Languages : en
Pages : 36
Get Book Here
Book Description
This paper examines the response of exchange rates and interest rates--U.S. and foreign--to economic news. The news is associated with the surprise component of the monthly release of six U.S. macroeconomic variables. The results suggest that dollar exchange rates systematically react to news about real economic activity--a surprise of 100,000 on non-farm payroll employment leads to a 0.2 percent appreciation of the exchange rate. In general, exchange rates do not react systematically to news on inflation. By contrast, U.S. interest rates respond to both types of news, although the response continues to be extremely small, on the order of 1 to 2 basis points. Finally, Japanese interest rates systematically react, but to a very minor extent, to news about U.S. real economic activity, while German rates, in general, do not.
Author: Christof Kreuter
Publisher:
ISBN:
Category : Foreign exchange rates
Languages : en
Pages : 36
Get Book Here
Book Description
Author: Hali J. Edison
Publisher:
ISBN:
Category : Foreign exchange rates
Languages : en
Pages : 44
Get Book Here
Book Description
Author: Hali J. Edison
Publisher:
ISBN:
Category :
Languages : en
Pages : 34
Get Book Here
Book Description
Author: Massimo Tivegna
Publisher: Routledge
ISBN: 1351152424
Category : Business & Economics
Languages : en
Pages : 289
Get Book Here
Book Description
'News and Exchange Rate Dynamics' proposes an innovative taxonomy of news affecting exchange rates. It establishes a metrics for the impact on exchange rates movements. In doing so it provides the first results of an ongoing research activity on the economic, financial and non-financial determinants of infra daily fluctuations of exchange rates, whose ultimate goal is to explain the formation of market sentiment on one particular currency and the way it changes over time in response to the accumulation of new information. The authors provide a detailed description of the selection criteria of the news and how it impacts exchange rates.
Author: Andrew Clare
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Get Book Here
Book Description
Reactions of financial prices to news contain information about market beliefs and expectations. This article looks at reactions of a selection of UK interest rate, equity and exchange rate contracts to macroeconomic data releases and interest rate changes before and after the Bank of England was granted operational independence in May 1997. We find some differences in the nature of the reactions in the two periods, and attempt to draw out the implications for market perceptions of monetary policy.
Author: Mr.Jeronimo Zettelmeyer
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781451856170
Category : Business & Economics
Languages : en
Pages : 45
Get Book Here
Book Description
This paper studies the impact effect of monetary policy shocks—identified by the reaction of three month market interest rates to policy announcements—on the exchange rate in Australia, Canada, and New Zealand during the 1990s. The main results are that (1) on average, a 100 basis point contractionary shock will appreciate the exchange rate by 2-3 percent on impact; (ii) seemingly “perverse” reactions of the exchange rate to monetary policy are mainly attributable to reverse causality; (iii) in a few instances, there were true “perverse” reactions of exchange rates to policy— generally, appreciations following expansionary shocks.
Author:
Publisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 56
Get Book Here
Book Description
Author: Massimo Tivegna
Publisher: Ashgate Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 216
Get Book Here
Book Description
Economics With the vast amount of information that economic operators and the public in general have to interpret nowadays, communication has acquired an extraordinary importance, unimaginable even a few years ago. The global economy is above all the economy of information. Communication, while always an art to some extent, is now becoming a science, as evidenced also by the creation of so many University majors in this discipline in Italy. This book is but an example of this phenomenon: it uses the tools of economic analysis and econometrics in order to explain the variations in exchange rates, by examining the international markets' reactions to the various forms of macroeconomic and political news.
Author: Jagjit S. Chadha
Publisher: Cambridge University Press
ISBN: 1107044553
Category : Business & Economics
Languages : en
Pages : 571
Get Book Here
Book Description
State-of-the-art research from academics and policymakers on the role of and challenges to monetary policy during the ongoing financial crisis.
