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Effects of US money announcements on the daily exchange rates of industrialized countries

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  • Frank Arokiasamy
  • Ike Mathur
  • Subhash Sharma

Abstract

This paper examines the effects of anticipated and unanticipated components of US money supply announcements on exchange rates for each day of the week for eight industrialized countries. The results show that most of the reaction to the anticipated component occurs before the announcement. However, the unanticipated component of the announcement causes strong reactions on the Friday and the Monday following the announcement, and in the days preceding the announcement.

Suggested Citation

  • Frank Arokiasamy & Ike Mathur & Subhash Sharma, 2000. "Effects of US money announcements on the daily exchange rates of industrialized countries," Applied Economics, Taylor & Francis Journals, vol. 32(5), pages 593-599.
    • Handle: RePEc:taf:applec:v:32:y:2000:i:5:p:593-599
    DOI: 10.1080/000368400322499
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    Cited by:

    1. Olcay Yucel Emir & Fatih Ozatay & Gulbin Sahinbeyoğlu, 2007. "Effects of US interest rates and news on the daily interest rates of a highly indebted emerging economy: evidence from Turkey," Applied Economics, Taylor & Francis Journals, vol. 39(3), pages 329-342.

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