eprintid: 14220
rev_number: 17
eprint_status: archive
userid: 2744
dir: disk0/00/01/42/20
datestamp: 2012-12-13 11:05:22
lastmod: 2015-04-23 15:03:18
status_changed: 2012-12-13 11:05:22
type: workingPaper
metadata_visibility: show
creators_name: Conrad, Christian
creators_name: Zumbach, Klaus Ulrich
title: The Effect of Political Communication on European Financial Markets during the Sovereign Debt Crisis
subjects: 330
divisions: 181000
abstract: We quantify all statements by major European politicians reported by Reuters during the August 2011 to December 2011 period and show that political communication significantly affects European stock and bond markets as well as the EUR-USD exchange rate. Communication with respect to Italy induces the strongest market reactions. Financial markets consider the German bondmarket a safe haven.
date: 2012-12
id_scheme: DOI
id_number: 10.11588/heidok.00014220
schriftenreihe_cluster_id: sr-3
schriftenreihe_order: 0536
ppn_swb: 1651940460
own_urn: urn:nbn:de:bsz:16-heidok-142207
language: eng
bibsort: CONRADCHRITHEEFFECTO201212
full_text_status: public
series: Discussion Paper Series / University of Heidelberg, Department of Economics
volume: 0536
pages: 9
citation:   Conrad, Christian ; Zumbach, Klaus Ulrich  (2012) The Effect of Political Communication on European Financial Markets during the Sovereign Debt Crisis.  [Working paper]     
document_url: https://archiv.ub.uni-heidelberg.de/volltextserver/14220/1/Conrad_Zumbach_2012_dp536.pdf