Unconventional monetary policy and the dollar–euro exchange rate: further evidence from event studies

New evidence is presented on the impact on the US dollar–euro (USD–EUR) exchange rate of the unconventional monetary policy conducted by the US Federal Reserve (FED) and the European Central Bank (ECB). To that end, we employ an event study approach using daily the USD–EUR exchange rate for the peri...

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Detalles Bibliográficos
Autores: Sosvilla Rivero, Simón Javier, Fernández Fernández, Natalia
Tipo de recurso: artículo
Fecha de publicación:2016
País:España
Institución:Universidad Complutense de Madrid (UCM)
Repositorio:Docta Complutense
Idioma:inglés
OAI Identifier:oai:docta.ucm.es:20.500.14352/23600
Acceso en línea:https://hdl.handle.net/20.500.14352/23600
Access Level:acceso abierto
Palabra clave:C10
D58
F31
G15
Quantitative easing
Unconventional monetary policy
Announcements
Federal Reserve
European Central Bank
Exchange rates.
Dinero
Econometría (Economía)
Mercados bursátiles y financieros
Microeconomía
5304.06 Dinero y Operaciones Bancarias
5302 Econometría
5307.15 Teoría Microeconómica
id ES_a6710f9b1649966b630ec6d4e797d8bf
oai_identifier_str oai:docta.ucm.es:20.500.14352/23600
network_acronym_str ES
network_name_str España
repository_id_str
spelling Unconventional monetary policy and the dollar–euro exchange rate: further evidence from event studiesSosvilla Rivero, Simón JavierFernández Fernández, NataliaC10D58F31G15Quantitative easingUnconventional monetary policyAnnouncementsFederal ReserveEuropean Central BankExchange rates.DineroEconometría (Economía)Mercados bursátiles y financierosMicroeconomía5304.06 Dinero y Operaciones Bancarias5302 Econometría5307.15 Teoría MicroeconómicaNew evidence is presented on the impact on the US dollar–euro (USD–EUR) exchange rate of the unconventional monetary policy conducted by the US Federal Reserve (FED) and the European Central Bank (ECB). To that end, we employ an event study approach using daily the USD–EUR exchange rate for the period from 2 January 2007 to 31 January 2015. Our results indicate that the announcement and subsequent implementation of such measures by the ECB would have caused in general an appreciation of the dollar, while those by the FED would have caused a depreciation of the dollar.Taylor & FrancisUniversidad Complutense de Madrid20162016-01-0120162016-01-01journal articlehttp://purl.org/coar/resource_type/c_6501info:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/20.500.14352/23600reponame:Docta Complutenseinstname:Universidad Complutense de Madrid (UCM)Inglésengopen accesshttp://purl.org/coar/access_right/c_abf2info:eu-repo/semantics/openAccessoai:docta.ucm.es:20.500.14352/236002026-06-02T12:44:21Z
dc.title.none.fl_str_mv Unconventional monetary policy and the dollar–euro exchange rate: further evidence from event studies
title Unconventional monetary policy and the dollar–euro exchange rate: further evidence from event studies
spellingShingle Unconventional monetary policy and the dollar–euro exchange rate: further evidence from event studies
Sosvilla Rivero, Simón Javier
C10
D58
F31
G15
Quantitative easing
Unconventional monetary policy
Announcements
Federal Reserve
European Central Bank
Exchange rates.
Dinero
Econometría (Economía)
Mercados bursátiles y financieros
Microeconomía
5304.06 Dinero y Operaciones Bancarias
5302 Econometría
5307.15 Teoría Microeconómica
title_short Unconventional monetary policy and the dollar–euro exchange rate: further evidence from event studies
title_full Unconventional monetary policy and the dollar–euro exchange rate: further evidence from event studies
title_fullStr Unconventional monetary policy and the dollar–euro exchange rate: further evidence from event studies
title_full_unstemmed Unconventional monetary policy and the dollar–euro exchange rate: further evidence from event studies
title_sort Unconventional monetary policy and the dollar–euro exchange rate: further evidence from event studies
dc.creator.none.fl_str_mv Sosvilla Rivero, Simón Javier
Fernández Fernández, Natalia
author Sosvilla Rivero, Simón Javier
author_facet Sosvilla Rivero, Simón Javier
Fernández Fernández, Natalia
author_role author
author2 Fernández Fernández, Natalia
author2_role author
dc.contributor.none.fl_str_mv Universidad Complutense de Madrid
dc.subject.none.fl_str_mv C10
D58
F31
G15
Quantitative easing
Unconventional monetary policy
Announcements
Federal Reserve
European Central Bank
Exchange rates.
Dinero
Econometría (Economía)
Mercados bursátiles y financieros
Microeconomía
5304.06 Dinero y Operaciones Bancarias
5302 Econometría
5307.15 Teoría Microeconómica
topic C10
D58
F31
G15
Quantitative easing
Unconventional monetary policy
Announcements
Federal Reserve
European Central Bank
Exchange rates.
Dinero
Econometría (Economía)
Mercados bursátiles y financieros
Microeconomía
5304.06 Dinero y Operaciones Bancarias
5302 Econometría
5307.15 Teoría Microeconómica
description New evidence is presented on the impact on the US dollar–euro (USD–EUR) exchange rate of the unconventional monetary policy conducted by the US Federal Reserve (FED) and the European Central Bank (ECB). To that end, we employ an event study approach using daily the USD–EUR exchange rate for the period from 2 January 2007 to 31 January 2015. Our results indicate that the announcement and subsequent implementation of such measures by the ECB would have caused in general an appreciation of the dollar, while those by the FED would have caused a depreciation of the dollar.
publishDate 2016
dc.date.none.fl_str_mv 2016
2016-01-01
2016
2016-01-01
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://hdl.handle.net/20.500.14352/23600
url https://hdl.handle.net/20.500.14352/23600
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Taylor & Francis
publisher.none.fl_str_mv Taylor & Francis
dc.source.none.fl_str_mv reponame:Docta Complutense
instname:Universidad Complutense de Madrid (UCM)
instname_str Universidad Complutense de Madrid (UCM)
reponame_str Docta Complutense
collection Docta Complutense
repository.name.fl_str_mv
repository.mail.fl_str_mv
_version_ 1869415698176933888
score 15,300724

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