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
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Englisch
- Erschienen in
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Journal: International Journal of Financial Studies ; ISSN: 2227-7072 ; Volume: 8 ; Year: 2020 ; Issue: 3 ; Pages: 1-10 ; Basel: MDPI
- Klassifikation
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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
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Japan
financial markets
impact of news
Brexit referendum
United States presidential election
- Ereignis
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Geistige Schöpfung
- (wer)
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Sultonov, Mirzosaid
- Ereignis
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Veröffentlichung
- (wer)
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MDPI
- (wo)
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Basel
- (wann)
-
2020
- DOI
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doi:10.3390/ijfs8030043
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Sultonov, Mirzosaid
- MDPI
Entstanden
- 2020