Complexicity of ECB Communication and Financial Market Trading

We empirically examine how complexity of ECB communications affects financial market trading based on high-frequency data from European stock index futures trading. Our sample covers ECB press conferences between January 2009 and December 2017, during which un-conventional monetary policy measures (...

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发表在:MAGKS - Joint Discussion Paper Series in Economics (Band 19-2019)
Autoren: Hayo, Bernd, Henseler, Kai, Rapp, Marc Steffen, Zahner, Johannes
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语言:英语
出版: Philipps-Universität Marburg 2019
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