Artikel

The impacts of international political and economic events on Japanese financial markets

Information about the possibilities of changes in national and international macroeconomic variables affects the expectations and behavior of individuals and firms more quickly than real changes in those macroeconomic variables. In this research, we investigate the impacts of international information (news) on the financial markets in Japan. We examine how news about the results of the Brexit referendum (BR) and the United States presidential election (USE) affected foreign exchange rates and stock market indexes. This research reveals evidence of statistically significant changes in exchange rates and stock market indexes within two weeks after the BR and USE, statistically significant changes in the exchange rate variance within the first week after the BR, and changes in the causality relationship between the variables after each event.

Sprache
Englisch

Erschienen in
Journal: International Journal of Financial Studies ; ISSN: 2227-7072 ; Volume: 8 ; Year: 2020 ; Issue: 3 ; Pages: 1-10 ; Basel: MDPI

Klassifikation
Wirtschaft
Foreign Exchange
International Finance Forecasting and Simulation: Models and Applications
Economic Impacts of Globalization: Macroeconomic Impacts
Economic Impacts of Globalization: Finance
Portfolio Choice; Investment Decisions
Information and Market Efficiency; Event Studies; Insider Trading
Behavioral Finance: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets‡
Thema
Japan
financial markets
impact of news
Brexit referendum
United States presidential election

Ereignis
Geistige Schöpfung
(wer)
Sultonov, Mirzosaid
Ereignis
Veröffentlichung
(wer)
MDPI
(wo)
Basel
(wann)
2020

DOI
doi:10.3390/ijfs8030043
Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Sultonov, Mirzosaid
  • MDPI

Entstanden

  • 2020

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