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
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (48)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165-1765(10)00181-3
Full text for ScienceDirect subscribers only

Related works:
Working Paper: The Impact of U.S. Central Bank Communication on European and Pacific Equity Markets (2009)
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: https://EconPapers.repec.org/RePEc:eee:ecolet:v:108:y:2010:i:2:p:172-174

Access Statistics for this article

Economics Letters is currently edited by Economics Letters Editorial Office

More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().