Does the Currency Board Matter? U.S. News and Argentine Financial Market Reaction

Using a GARCH model, we study the effects of U.S. monetary policy and macroeconomic announcements on Argentine money, stock, and foreign exchange markets over the period January 1998 to July 2007. We show, first, that both types of news have a significant impact on all markets. Second, there are...

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Bibliographic Details

Published in:	MAGKS - Joint Discussion Paper Series in Economics (Band 23-2008)
Main Authors:	Hayo, Bernd, Neuenkirch, Matthias
Format:	Work
Language:	English
Published:	Philipps-Universität Marburg 2008
Subjects:	Argentina Financial Markets Central Bank Communication Federal Reserve, Macroeconomic Announcements Wirtschaft Economics
Online Access:	PDF Full Text
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