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The Potential Approach to the Term Structure of Interest Rates and Foreign Exchange Rates

โœ Scribed by L. C. G. Rogers


Book ID
108550407
Publisher
John Wiley and Sons
Year
1997
Tongue
English
Weight
174 KB
Volume
7
Category
Article
ISSN
0960-1627

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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