Narrow search
Showing 1 - 10 of 2,263
Cover Image
Surprises in scheduled releases : why do they move the bond market?
Hess, Dieter - 2000
It is well known that information arrival has an impact on prices volatility, and trading volume in financial markets (see e.g., Goodhart and O'Hara 1997). Scheduled macroeconomic announcements, such as monthly employment figures, consumer prices, or building permits, stand out from the steady...
Persistent link: https://www.econbiz.de/10013428356
Cover Image
A mean variance king? : creation and resolution of uncertainty under the employment report's reign
Hautsch, Nikolaus - 2001
This paper delineates the simultaneous impact of non-anticipated information on first and second moments of the intraday price process by including appropriate variables accounting for the news flow into both the mean and the variance function. This allows us to differentiate between the...
Persistent link: https://www.econbiz.de/10013428452
Cover Image
Size-related biases in event study methodology : an example and a comparison of correction methods
Lauterbach, Beni; Vu, Joseph D. - 1990
Persistent link: https://www.econbiz.de/10000798548
Cover Image
On the macroeconomic effects of reinvestments in asset purchase programmes
Gerke, Rafael; Kienzler, Daniel; Scheer, Alexander - 2022
A feature of recent monetary policy asset purchase programmes is the reinvestment policy: the central bank announces to keep the overall volume of assets on its balance sheet constant for some time. In this paper, we systematically assess the macroeconomic effects of such reinvestment policies....
Persistent link: https://www.econbiz.de/10013460153
Cover Image
Why hedge? : a critical review of theory and empirical evidence
Ammon, Norbert - 1998
Finance theory does not provide a comprehensive framework for explaining risk management within the imperfect financial … suggests that managers act in the best interest of shareholders. They hedge to reduce real costs like taxes, costs of financial … distress and costs of external finance or to replace home-made hedging by shareholders. The second category considers that …
Persistent link: https://www.econbiz.de/10013428154
Cover Image
Market response to Australian current account announcements
Singh, Ranjit A. - 1992
Persistent link: https://www.econbiz.de/10000871106
Cover Image
Company takeovers & equity returns : the target size effect
Anderson, Don; Haynes, Andrea; Heaney, Richard A. - 1992
Persistent link: https://www.econbiz.de/10000881018
Cover Image
The economic effects of Brexit : evidence from the stock market
Breinlich, Holger; Leromain, Elsa; Novy, Dennis; … - 2018
Persistent link: https://www.econbiz.de/10011928024
Cover Image
What moves markets?
Kerssenfischer, Mark; Schmeling, Maik - 2022
What share of asset price movements is driven by news? We build a large, time-stamped event database covering scheduled macro news as well as unscheduled events. We find that news account for about 50% of all bond and stock price movements in the United States and euro area since 2002,...
Persistent link: https://www.econbiz.de/10013202601