IMF RELATED NEWS ON GREECE, IRELAND, AND PORTUGAL DURING EUROPEAN SOVEREIGN DEBT CRISIS
ABDURRAHMAN, KHALID (Adv.: Jorn Zenhorst Ph.D), Jorn Zenhorst Ph.D
The European sovereign debt crisis on Greece, Ireland, and Portugal offer an interesting chance to study how IMF related news will affect stock markets in those countries. Aside from discussion around the effectiveness of IMF rescue program, the study in respect with its news aspect has not been around for a long time. With a lot of unexplored area, this paper will try to understand how IMF related news affect stock markets in Eurozone area. The time period of this study will be January 2009 until August 2012 with a selection of daily data on the respective stock markets in each country. The result of this study indicates a measurable pattern of the impact, similar to most previous studies on emerging and developing markets.
Kata Kunci : European Sovereign Debt Crisis, IMF News Effect, News Announcement Effect
