{"id":53848,"date":"2006-07-07T00:00:00","date_gmt":"2006-07-07T00:00:00","guid":{"rendered":"https:\/\/www.deberes.net\/tesis\/sin-categoria\/price-discovery-in-the-euro-area-interest-rate-markets\/"},"modified":"2006-07-07T00:00:00","modified_gmt":"2006-07-07T00:00:00","slug":"price-discovery-in-the-euro-area-interest-rate-markets","status":"publish","type":"post","link":"https:\/\/www.deberes.net\/tesis\/ciencias-economicas\/price-discovery-in-the-euro-area-interest-rate-markets\/","title":{"rendered":"Price discovery in the euro area interest rate markets"},"content":{"rendered":"<h2>Tesis doctoral de <strong> Szabolcs Sebesty\u00e9n <\/strong><\/h2>\n<p>La tesis analiza la formaci\u00f3n de precios en los mercados de tipos de inter\u00e9s en la zona euro, y examina los efectos de distintos tipos de informaci\u00f3n p\u00fablica sobre ellos. Particularmente, estudia tres fuentes de informaci\u00f3n p\u00fablica: (i) anuncios macroecon\u00f3micos, (ii) anuncios de pol\u00edtica monetaria y (iii) herramientas de comunicaci\u00f3n del banco central europeo. Adem\u00e1s, no s\u00f3lo los impactos sobre la media son de inter\u00e9s sino tambi\u00e9n los impactos sobre la volatilidad. El an\u00e1lisis empieza con datos diarios, despu\u00e9s se centra en datos de alta frecuencia, y da un an\u00e1lisis detallado sobre las propiedades estad\u00edsticas intradiarias de los tipos de inter\u00e9s. Adem\u00e1s, utiliza dos modelos econom\u00e9tricos para estudiar los efectos de anuncios. uno es m\u00e1s general y s\u00f3lo analiza los efectos inmediatos, mientras el otro da una especificaci\u00f3n m\u00e1s general de las series.Los resultados y contribuciones de la tesis son las siguientes. Primero, da un an\u00e1lisis detallado sobre los tipos de inter\u00e9s en la zona euro. Ha encontrado que \u00e9stos tienen caracter\u00edsticas espec\u00edficas en la volatilidad durante el d\u00eda, y los efectos de los anuncios son visibles.Segundo, tanto el an\u00e1lisis utilizando datos diarios como el que utiliza datos de alta frecuencia implican una evidencia clara de la conexi\u00f3n entre tipos de inter\u00e9s en la zona euro y los fundamentos econ\u00f3micos y financieros. M\u00e1s concretamente, hay tres resultados muy importantes con respecto a esto. El primero es que los anuncios m\u00e1s importantes vienen de los estados unidos. Tanto el n\u00famero de variables significativas como sus efectos son m\u00e1s grandes para variables de ee.Uu. Que para las de la zona euro. Adem\u00e1s, los anuncios nacionales de la zona euro parecen ser m\u00e1s relevantes que los datos agregados. Y tercero, las variables de sondeos son m\u00e1s importantes que las variables econ\u00f3micas.Tercero, la pol\u00edtica monetaria del bce afecta tanta la media coma la varianza de tipos de inter\u00e9s,<\/p>\n<p>&nbsp;<\/p>\n<h3>Datos acad\u00e9micos de la tesis doctoral \u00ab<strong>Price discovery in the euro area interest rate markets<\/strong>\u00ab<\/h3>\n<ul>\n<li><strong>T\u00edtulo de la tesis:<\/strong>\u00a0 Price discovery in the euro area interest rate markets <\/li>\n<li><strong>Autor:<\/strong>\u00a0 Szabolcs Sebesty\u00e9n <\/li>\n<li><strong>Universidad:<\/strong>\u00a0 Alicante<\/li>\n<li><strong>Fecha de lectura de la tesis:<\/strong>\u00a0 07\/07\/2006<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3>Direcci\u00f3n y tribunal<\/h3>\n<ul>\n<li><strong>Director de la tesis<\/strong>\n<ul>\n<li>quir\u00f3s P\u00e9rez<\/li>\n<\/ul>\n<\/li>\n<li><strong>Tribunal<\/strong>\n<ul>\n<li>Presidente del tribunal: drudi Francesco <\/li>\n<li>palenzuela Diego rodr\u00edguez (vocal)<\/li>\n<li>gaspar V\u00edtor (vocal)<\/li>\n<li>angel Leon valle (vocal)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesis doctoral de Szabolcs Sebesty\u00e9n La tesis analiza la formaci\u00f3n de precios en los mercados de tipos de inter\u00e9s en [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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