Do the political news impact financial markets? evidences from Brazil
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Data
2016Autor
Orientador
Nível acadêmico
Graduação
Assunto
Abstract
This study investigate if political news in Brazil impact Financial Markets. We used web scraping to look for news on the internet and measured their impact on Bovespa Index through the event study methodology. To estimate the normal returns we used a GARCH model. The only news that impacted the market was the opening of the impeachment process against the ex-president Ms. Rousseff, but our model captured a significantly number of news related to the uncertainty about China, besides that wasn’t ...
This study investigate if political news in Brazil impact Financial Markets. We used web scraping to look for news on the internet and measured their impact on Bovespa Index through the event study methodology. To estimate the normal returns we used a GARCH model. The only news that impacted the market was the opening of the impeachment process against the ex-president Ms. Rousseff, but our model captured a significantly number of news related to the uncertainty about China, besides that wasn’t considered a Political News but a Economical News. ...
Instituição
Universidade Federal do Rio Grande do Sul. Faculdade de Ciências Econômicas. Curso de Ciências Econômicas.
Coleções
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TCC Ciências Econômicas (1292)
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