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Persistent link: https://www.econbiz.de/10009243537

The impact of macroeconomic announcements on real time foreign exchange rates in emerging markets

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Financial Crisis, US Unconventional Monetary Policy and International Spillovers

Chen, Qianying - 2015

We study the impact of the US quantitative easing (QE) on both the emerging and advanced economies, estimating a global vector error-correction model (GVECM) and conducting counterfactual analyses. We focus on the effects of reductions in the US term and corporate spreads. First, US QE measures...

Persistent link: https://www.econbiz.de/10014412116