Ssrn: Twitter Versus Traditional Intelligence Media: Bear Witness For The Sovereign Bond Markets

Via the Social Science Research Network:
Date Written: Nov 28, 2018

Abstract

This newspaper compares word inwards Twitter amongst traditional word outlets as well as and hence emphasizes their differential touching on on Eurozone’s sovereign bond marketplace lay for a homogeneous word topic. We notice a two-way data stream betwixt Twitter’s “Grexit” tweets as well as the respective mentions inwards traditional word outlets. The influence of Twitter on the traditional word is consistently to a greater extent than prolonged, specially inwards high-activity periods. We likewise assess the differential touching on of the 2 word sources on sovereign spreads over as well as to a higher house the touching on of economic/financial fundamentals, namely measures of default risk, liquidity lead a opportunity as well as global fiscal risk. Our focus is on the borrowing costs of Eurozone’s periphery; for comparing reasons, nosotros likewise visit French Republic equally a kernel Eurozone country. The final result of Twitter on the Greek sovereign spread is positive as well as of higher magnitude than that of traditional word outlets. Weak contagion effects are recorded primarily for the representative of Portugal as well as Ireland. 

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HT: Econometrics Beat