Hanousek, Jan; Kocenda, Evzen; Kutan, Ali M. - Center for Economic Research and Graduate Education and … - 2008
We estimate the impact of macroeconomic news on composite stock returns in three emerging European Union financial markets (the Budapest BUX, Prague PX-50, and Warsaw WIG-20), using intraday data and macroeconomic announcements. Our contribution is twofold. We employ a larger set of...