کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
9724206 | 1476931 | 2005 | 27 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Investor reactions to news: a cognitive dissonance analysis of the euro-dollar exchange rate
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
![عکس صفحه اول مقاله: Investor reactions to news: a cognitive dissonance analysis of the euro-dollar exchange rate Investor reactions to news: a cognitive dissonance analysis of the euro-dollar exchange rate](/preview/png/9724206.png)
چکیده انگلیسی
This paper investigates whether the depreciation of the euro vis-Ã -vis the US dollar exchange rate during 2000 can be attributed to asymmetric investor reactions to economic and political news, including central bank statements. Daily euro-dollar exchange rate changes from April 1, 2000 through September 22, 2000 are regressed on economic and political news about the US and the euro area. The results suggest an asymmetry in the investors' response to news, depending on whether it comes from the US or the euro area. Moreover, investors react differently to 'good' and 'bad' news, which suggests cognitive dissonance reduction.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: European Journal of Political Economy - Volume 21, Issue 1, March 2005, Pages 115-141
Journal: European Journal of Political Economy - Volume 21, Issue 1, March 2005, Pages 115-141
نویسندگان
Henriëtte M. Prast, Marc P.H. de Vor,