Economics at your fingertips  

The impact of transatlantic M&A activity on the dollar/euro exchange rate

Ingo Fender and Gabriele Galati ()

BIS Quarterly Review, 2001

Abstract: On 19 July 2000, following breaking news about an imminent $53 billion cashand- shares acquisition of US wireless operator VoiceStream by Germany?s Deutsche Telekom, the euro depreciated against the dollar by 1.06% ? a significant move for a single day. On the day of the official announcement, 24 July, the euro lost another 0.17%, and further depreciated by a total of 2.94% over the 10 trading days that followed. By the time the deal was finally closed, on 31 May 2001, the euro had lost some 1.30% of its value against the dollar.

Date: 2001
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link) (application/pdf) (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

BIS Quarterly Review is currently edited by Christian Upper

More articles in BIS Quarterly Review from Bank for International Settlements Contact information at EDIRC.
Bibliographic data for series maintained by Christian Beslmeisl ().

Page updated 2020-03-29
Handle: RePEc:bis:bisqtr:0112g