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The impact of U.S. central bank communication on European and pacific equity markets

Bernd Hayo (), Ali Kutan () and Matthias Neuenkirch ()

Economics Letters, 2010, vol. 108, issue 2, 172-174

Abstract: We examine the effects of U.S. target rate changes and FOMC communications on European and Pacific equity market returns and find that both have a significant impact. European markets are influenced by a greater variety of communications than Pacific markets.

Keywords: Central; bank; communication; International; equity; markets; Federal; Reserve; Bank; U.S.; monetary; policy (search for similar items in EconPapers)
Date: 2010
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Working Paper: The Impact of U.S. Central Bank Communication on European and Pacific Equity Markets (2009) Downloads
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