The impact of U.S. central bank communication on European and pacific equity markets
AbstractWe examine the effects of U.S. target rate changes and FOMC communications on European and Pacific equity market returns and find that both have a significant impact. European markets are influenced by a greater variety of communications than Pacific markets.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 108 (2010)
Issue (Month): 2 (August)
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Web page: http://www.elsevier.com/locate/ecolet
Central bank communication International equity markets Federal Reserve Bank U.S. monetary policy;
Other versions of this item:
- Bernd Hayo & Ali M. Kutan & Matthias Neuenkirch, 2009. "The Impact of U.S. Central Bank Communication on European and Pacific Equity Markets," MAGKS Papers on Economics 200927, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
- G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
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