Büttner, David; Hayo, Bernd; Neuenkirch, Matthias - 2009
In this paper, we study the effects of euro area and US macroeconomic news on financial markets in the Czech Republic …-month interest rates, stock market indices, exchange rates versus the euro, and the US dollar. First, foreign macroeconomic news has … whole observation period. Third, the process of European integration is accompanied by an increasing importance of euro area …