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The effect of political communication on European financial markets during the sovereign debt crisis

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We quantify all statements by major European politicians reported by Reuters during the August 2011 to December 2011 period and show that political communication significantly affects the EUR-USD exchange rate as well as European stock and bond markets. Communication with respect to Italy induces th...

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Main Authors: Conrad, Christian (Author) , Zumbach, Klaus Ulrich (Author)
Format: Article (Journal)
Language:English
Published: 9 February 2016
In: Journal of empirical finance
Year: 2016, Volume: 39, Pages: 209-214
ISSN:0927-5398
DOI:10.1016/j.jempfin.2016.01.018
Online Access:Verlag, lizenzpflichtig, Volltext: https://doi.org/10.1016/j.jempfin.2016.01.018
Verlag, lizenzpflichtig, Volltext: http://www.sciencedirect.com/science/article/pii/S092753981630007X
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Author Notes:Christian Conrad, Klaus Ulrich Zumbach
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The effect of political communication on European financial markets during the sovereign debt crisis by Conrad, Christian (Author) , Zumbach, Klaus Ulrich (Author) ,


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The effect of political communication on European financial markets during the sovereign debt crisis by Conrad, Christian (Author) , Zumbach, Klaus Ulrich (Author) ,


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