The Reaction of Exchange Rates and Inter
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Hali J. Edison
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Article
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1997
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John Wiley and Sons
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English
β 138 KB
π 2 views
This paper examines the response of exchange rates and interest rates-US and foreign-to economic news. The news is associated with the surprise component of the monthly release of six US macroeconomic variables. The results suggest that dollar exchange rates systematically react to news about real e