Showing 1 - 10 of 6,106
This paper investigates the intraday response of CBOT T-bond futures prices to surprises in headline figures contained in scheduled U.S. macroeconomic news releases. While several previous studies try to find out which releases have a significant impact on prices and volatility in financial...
Persistent link: https://www.econbiz.de/10010324064
activity in Mexico is measured using regional coincident indexes recently developed at Banco de México, while US aggregate …
Persistent link: https://www.econbiz.de/10010322545
Using recent data from southern California and Mexico we challenge the notion that the demographic profile of post-1970 … educational attainment, (5) are increasingly likely to originate in southern Mexico and the Mexico City Metropolitan area, and (6 …) are increasingly likely to depart from urban areas within Mexico. Although we find no direct evidence that the …
Persistent link: https://www.econbiz.de/10010262427
The current economic slowdown in the United States and the decline in remittance growth to some Latin American countries have intensified the interest in the relationship between these variables. We investigate whether host country conditions affect remittance outflows to Latin America, focusing...
Persistent link: https://www.econbiz.de/10010281244
Households participating in financial markets pay attention to inflation news when making their investment decisions, even in an environment of mostly low and stable inflation. ETFs and open-ended mutual funds holding Treasury Inflation-Protected Securities (TIPS) receive inflows from retail...
Persistent link: https://www.econbiz.de/10014290028
This article contributes to the literature on macroeconomic announcements and their impact on asset prices by investigating how the 15-second Xetra DAX returns reflect the monthly announcements of the two best known business cycle forecasts for Germany, i.e. the ifo Business Climate Index and...
Persistent link: https://www.econbiz.de/10010298727
The premium on "on-the-run" Treasuries (i.e. the most recently issued ones) is an anomaly. I explain it using a model in which primary dealers hold inventories of Treasuries. Primary dealers are more likely to hold large inventories of on-the-run Treasuries. There is also less variation across...
Persistent link: https://www.econbiz.de/10015053569
China's diplomacy is among the many accomplishments of China during the period of reform and opening up. The People … diplomacy in Asia, reasserted a role in Africa, and has become more active in multilateral organizations. Thirty years ago, at … short, China's diplomacy was hesitant and not confident, inward-looking not outward looking, parochial and not sophisticated …
Persistent link: https://www.econbiz.de/10012142431
A cash-rich company is less likely to be a bidder during 1994-2008 in the US, contrasting the findings based on earlier sample period. This is mainly due to the companies with high residual market-to-book ratios (i.e. the residual of the actual market-to-book ratio regressed on measures of...
Persistent link: https://www.econbiz.de/10010409445
This paper investigates the ability of the Federal Reserve to manipulate the overnight rate without open market operations (which Demiralp and Jorda (2000) term the announcement effect), using high-frequency, open-market-desk data. Using similar data, Hamilton (1997) takes advantage of forecast...
Persistent link: https://www.econbiz.de/10010318605