Fatum, Rasmus; Hutchison, Michael M. - 2013
-related "news" (newswire reports) on the euro exchange rate. A time-series study of "news" generated by ECB officials and market … participants regarding intervention and the value of the euro as well as an event study of firm reports of ECB intervention is … conducted. Both studies find significant short-run effects on the euro value, while only "negative" statements (official …