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A Peer-reviewed scientific articles/A1 Journal article (refereed), original research
      
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The Impact of Macroeconomic News on Exchange Rate Volatility, Finnish Economic Papers 1 ; Spring (2007). Laakkonen, Helinä


Category A Peer-reviewed scientific articles
Sub-category A1 Journal article (refereed), original research
auki Internal authors
All authors as text Laakkonen, Helinä 
Number of authors
Status Published
Year of publication 2007 
Date 15.05.2007 
Name of article The Impact of Macroeconomic News on Exchange Rate Volatility 
Name of journal Finnish Economic Papers
Volume of issue 20 
Number of issue 1 ; Spring 
Pages 23-40 
Abstract The impact of the US and European macroeconomic news on the USD/EUR volatility was examined by using the Flexible Fourier Form method. News increased volatility significantly, and the US news was the most important. The much-tested hypothesis of bad news having a greater impact on volatility was re-confirmed. The announcements were also divided into two categories, the first containing the news that gave conflicting information on the state of the economy and the other containing the news that were consistent. Conflicting news were found to increase volatility significantly more and faster than consistent news. (JEL: G14, C14, C12)
Free text descriptor in Finnish makrotalous; uutiset; valuuttakurssit; volatiliteetti; Yhdysvallat; euro; Eurooppa; 
JEL-codes G14; C14; C12 
ISSN / e-ISSN 0784-5197 
auki Internet addresses