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High discounts and low fundamental surplus : an equivalence result for unemployment fluctuations

Mitra, Indrajit; Seo, Taeuk; Xu, Yu - 2021

Ljungqvist and Sargent (2017) (LS) show that unemployment fluctuations can be understood in terms of a quantity they … understanding unemployment fluctuations. We show how the LS framework can be adapted to incorporate risk premia. We derive an … show how to use properties of the artificial economy to deduce how risk premia affect unemployment dynamics in the original …

Persistent link: https://www.econbiz.de/10012649569

Intraday effect of news on emerging European forex markets : an event study analysis

Kočenda, Evžen; Moravcová, Michala - 2018

We analyze the impact of Eurozone/Germany and U.S. macroeconomic news announcements and the communication of the …

Persistent link: https://www.econbiz.de/10011902959

Intraday effect of news on emerging European forex markets : an event study analysis

Kočenda, Evžen; Moravcova, Michala - 2016

We analyze the impact of Eurozone/Germany and U.S. macroeconomic news announcements and the communication of the …

Persistent link: https://www.econbiz.de/10011568576

Transmission of the Financial and Sovereign Debt Crises to the EMU : Stock Prices, CDs Spreads and Exchange Rates

Vermeulen, Robert - 2011

This paper tests for the transmission of the 2007-2010 financial and sovereign debt crises to fifteen EMU countries. We use daily data from 2003 to 2010 on country financial and non-financial stock market indexes. First, we find strong evidence of crisis transmission to European non-financials...

Persistent link: https://www.econbiz.de/10013130545

Transmission of the Financial and Sovereign Debt Crises to the EMU : Stock Prices, CDS Spreads and Exchange Rates

Grammatikos, Theoharry - 2011

Persistent link: https://www.econbiz.de/10013119064

Brokers and business cycles: does financial market volatility cause real fluctuations?

Döpke, Jörg; Pierdzioch, Christian - In: Kredit und Kapital 34 (2001) 3, pp. 327-355

Persistent link: https://www.econbiz.de/10015105689

Brokers and business cycles: does financial market volatility cause real fluctuations?

Döpke, Jörg - 1998

Persistent link: https://www.econbiz.de/10013261010

Speculative Cotton Pricing in the 1920s : A Nonlinear Tale of Noise Traders and Fundamentalists

Cifarelli, Giulio - 2013

The paper investigates the role of speculation in the Liverpool cotton futures market between 1921 and 1929. The analysis is based on historical descriptions of the working of speculation in commodity markets and is related to the tenets of behavioural finance. The model posits the existence of...

Persistent link: https://www.econbiz.de/10013085214

Determinants of the ZAR/USD exchange rate and policy implications : a simultaneous-equation model

Hsing, Yu - In: Cogent economics & finance 4 (2016) 1, pp. 1-7

This paper examines the determinants of the South African rand/US dollar (ZAR/USD) exchange rate based on demand and supply analysis. Applying the EGARCH method, the paper finds that the ZAR/USD exchange rate is positively associated with the South African government bond yield, US real GDP, the...

Persistent link: https://www.econbiz.de/10011450559

Exchange rate and oil price interactions in selected CEE countries

Drachal, Krzysztof - In: Economies : open access journal 6 (2018) 2, pp. 1-21

This paper reports a study on the causal dynamics between spot oil price, exchange rates, and stock prices in Poland, the Czech Republic, Hungary, Romania, and Serbia. The results are compared with a benchmark analysis in which U.S. monthly data are used, and time periods are selected according...

Persistent link: https://www.econbiz.de/10011854772