کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
964217 930492 2010 18 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The reaction of asset markets to Swiss National Bank communication
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
The reaction of asset markets to Swiss National Bank communication
چکیده انگلیسی

In this paper we analyze high-frequency movements in Swiss asset markets in reaction to real-time communication by the Swiss National Bank. Our analysis of central bank communication encompasses monetary policy announcements, speeches and interviews. We examine the reactions of the currency market, the bond market and the stock exchange. The evidence suggests that speeches and interviews, along with monetary policy announcements, engender a significant price reaction. This paper sheds light on the relevance of communications other than monetary policy announcements.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of International Money and Finance - Volume 29, Issue 3, April 2010, Pages 486–503
نویسندگان
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