IDEAS home Printed from https://ideas.repec.org/a/bis/bisqtr/0112g.html
   My bibliography  Save this article

The impact of transatlantic M&A activity on the dollar/euro exchange rate

Author

Listed:
  • Ingo Fender
  • Gabriele Galati

Abstract

On 19 July 2000, following breaking news about an imminent $53 billion cashand- shares acquisition of US wireless operator VoiceStream by Germany?s Deutsche Telekom, the euro depreciated against the dollar by 1.06% ? a significant move for a single day. On the day of the official announcement, 24 July, the euro lost another 0.17%, and further depreciated by a total of 2.94% over the 10 trading days that followed. By the time the deal was finally closed, on 31 May 2001, the euro had lost some 1.30% of its value against the dollar.

Suggested Citation

  • Ingo Fender & Gabriele Galati, 2001. "The impact of transatlantic M&A activity on the dollar/euro exchange rate," BIS Quarterly Review, Bank for International Settlements, December.
    • Handle: RePEc:bis:bisqtr:0112g
    as

    Download full text from publisher

    File URL: https://www.bis.org/publ/r_qt0112g.pdf
    Download Restriction: no
    File URL: https://www.bis.org/publ/r_qt0112g.htm
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Francis Breedon & Francesca Fornasari, 2001. "FX impact of cross-border M&A," BIS Papers chapters, in: Bank for International Settlements (ed.), Market liquidity: proceedings of a workshop held at the BIS, volume 2, pages 267-273, Bank for International Settlements.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Renato Filosa, 2003. "Shock monetari e reali, ciclo economico e valore dell' euro," Moneta e Credito, Economia civile, vol. 56(223), pages 295-324.
    2. Mann, Catherine L. & Meade, Ellen E., 2002. "Home bias, transactions costs, and prospects for the Euro: A more detailed analysis," Research Notes 6, Deutsche Bank Research.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gabriele Galati & Kostas Tsatsaronis, 2001. "The impact of the euro on Europe's financial markets," BIS Working Papers 100, Bank for International Settlements.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bis:bisqtr:0112g. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Christian Beslmeisl (email available below). General contact details of provider: https://edirc.repec.org/data/bisssch.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.