publication . Other literature type . Article . Preprint . Book . 2013

Tweets, Google trends, and sovereign spreads in the GIIPS

Theodore Panagiotidis;
Open Access
  • Published: 01 Oct 2013
  • Publisher: Oxford University Press (OUP)
  • Country: United Kingdom
Abstract
We examine whether the information contained in social media (Twitter, Facebook, and Google blogs) and web search intensity (Google) influences financial markets. Using a multivariate system and focussing on Eurozone’s peripheral countries, the GIIPS (Greece, Ireland, Italy, Portugal, and Spain) as well as two of Eurozone’s core countries (France and the Nethelands), we show that social media discussion and search-related queries for the Greek debt crisis provide significant short-run information primarily for the Greek-German and Irish-German government bond yield differential even when other financial control variables (international risk, Eurozone’s risk, def...
Subjects
free text keywords: Google, social media, Greek crisis, frequency domain analysis, GIIPS., Google; social media; Greek crisis; frequency domain analysis; GIIPS, jel:C10, jel:G01, jel:G02, jel:G0, H Social Sciences (General)
Related Organizations
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