News Column

Investigators at Kobe University Report Findings in Economics and Finance

June 7, 2014



By a News Reporter-Staff News Editor at Investment Weekly News -- New research on Economics and Finance is the subject of a report. According to news originating from Hyogo, Japan, by VerticalNews correspondents, research stated, "This paper adopts a multivariate asymmetric dynamic conditional correlation GARCH model to examine the interdependence of US dollar (USD) exchange rates expressed in euro (EUR), British pound , and Swiss franc (CHF)."

Our news journalists obtained a quote from the research from Kobe University, "The effect of Europe's recent financial turmoil on these dynamic correlations is investigated. The findings suggest asymmetric responses in correlations among the three exchange rates, namely, higher dependency during periods of joint appreciation than during periods of joint depreciation."

According to the news editors, the research concluded: "Moreover, the results indicate that the crisis may have triggered the shift of fund flows to CHF in particular, which is widely believed to be a safe-haven currency."

For more information on this research see: Co-movements among major European exchange rates: A multivariate time-varying asymmetric approach. International Review of Economics & Finance, 2014;31():105-113. International Review of Economics & Finance can be contacted at: Elsevier Science Bv, PO Box 211, 1000 Ae Amsterdam, Netherlands. (Elsevier - www.elsevier.com; International Review of Economics & Finance - www.elsevier.com/wps/product/cws_home/620165)

The news correspondents report that additional information may be obtained from G. Tamakoshi, Kobe University, Fac Econ, Nada Ku, Kobe, Hyogo 6578501, Japan.

Keywords for this news article include: Asia, Hyogo, Japan, Economics and Finance

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Source: Investment Weekly News