Dokument
| Titel: | Bank of Canada Communication, Media Coverage, and Financial Market Reactions |
| Autor: | Hayo, Bernd |
| Weitere Verfasser: | Neuenkirch, Matthias |
| Veröffentlicht: | 2010 |
| URI: | https://archiv.ub.uni-marburg.de/es/2024/0050 |
| DOI: | https://doi.org/10.17192/es2024.0050 |
| URN: | urn:nbn:de:hebis:04-es2024-00507 |
| ISSN: | 1867-3678 |
| DDC: | 330 Wirtschaft |
| Publikationsdatum: | 2024-01-02 |
| Lizenz: | https://creativecommons.org/publicdomain/mark/1.0 |
| Schlagwörter: |
|---|
| Bank of Canada, Monetary Policy, Central Bank Communication, Media Coverage, Financial Markets |
Summary:
In the literature, central bank communication is identified via either (i) the written content of original communications or (ii) newswire reports. We examine how (i) Bank of Canada communications and (ii) media reporting on them impacts Canadian bond and stock market returns using a GARCH model over the period 1998–2006. Official communications exert a relatively larger influence on the bond market, whereas media coverage is more relevant for the stock market. In general, media filtering does not appear to play a prominent role.
 | Das Dokument ist im Internet frei zugänglich - Hinweise zu den Nutzungsrechten |