{"id":"https://openalex.org/W1990505142","doi":"https://doi.org/10.1016/j.intfin.2010.09.001","title":"Exchange rate response to macronews: Through the lens of microstructure","display_name":"Exchange rate response to macronews: Through the lens of microstructure","publication_year":2010,"publication_date":"2010-09-18","ids":{"openalex":"https://openalex.org/W1990505142","doi":"https://doi.org/10.1016/j.intfin.2010.09.001","mag":"1990505142"},"language":"en","primary_location":{"id":"doi:10.1016/j.intfin.2010.09.001","doi":"https://doi.org/10.1016/j.intfin.2010.09.001","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.intfin.2010.09.001","pdf_url":null,"source":{"id":"https://openalex.org/S82743730","display_name":"Journal of International Financial Markets Institutions and Money","issn_l":"1042-4431","issn":["1042-4431","1873-0612"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-3","jufo-2","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of International Financial Markets, Institutions and Money","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2202942","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5013194579","display_name":"Tanseli Sava\u015fer","orcid":"https://orcid.org/0000-0002-8649-5168","observed_orcids":["https://orcid.org/0000-0002-8649-5168"]},"institutions":[{"id":"https://openalex.org/I126820664","display_name":"Vassar College","ror":"https://ror.org/022x6qg61","country_code":"US","type":"education","lineage":["https://openalex.org/I126820664"]},{"id":"https://openalex.org/I22675022","display_name":"Williams College","ror":"https://ror.org/04avkmd49","country_code":"US","type":"education","lineage":["https://openalex.org/I22675022"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Tanseli Savaser","raw_affiliation_strings":["Williams College, Economics Department, 24 Hopkins Hall Dr., Williamstown, MA 01267, United States","Vassar College - Department of Economics"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Williams College, Economics Department, 24 Hopkins Hall Dr., Williamstown, MA 01267, United States","institution_ids":["https://openalex.org/I22675022"]},{"raw_affiliation_string":"Vassar College - Department of Economics","institution_ids":["https://openalex.org/I126820664"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5013194579"],"corresponding_institution_ids":["https://openalex.org/I126820664","https://openalex.org/I22675022"],"apc_list":{"value":2930,"currency":"USD","value_usd":2930},"apc_paid":null,"fwci":7.2434,"has_fulltext":false,"cited_by_count":26,"citation_normalized_percentile":{"value":0.96527395,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"21","issue":"1","first_page":"107","last_page":"126"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9932000041007996,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9932000041007996,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.0027000000700354576,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.0020000000949949026,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/stop-loss-orders","display_name":"stop-loss orders","score":0.9430000185966492},{"id":"https://openalex.org/keywords/order-flow","display_name":"order flow","score":0.5289999842643738},{"id":"https://openalex.org/keywords/news-surprises","display_name":"news surprises","score":0.7630000114440918},{"id":"https://openalex.org/keywords/market-microstructure","display_name":"market microstructure","score":0.7379999756813049}],"concepts":[{"id":"https://openalex.org/C109168655","wikidata":"https://www.wikidata.org/wiki/Q242988","display_name":"Liberian dollar","level":2,"score":0.6999691128730774},{"id":"https://openalex.org/C182306322","wikidata":"https://www.wikidata.org/wiki/Q1779371","display_name":"Order (exchange)","level":2,"score":0.5915465354919434},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.563097357749939},{"id":"https://openalex.org/C2781350852","wikidata":"https://www.wikidata.org/wiki/Q288469","display_name":"Pound (networking)","level":2,"score":0.5438805222511292},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5144208073616028},{"id":"https://openalex.org/C2780695682","wikidata":"https://www.wikidata.org/wiki/Q4005959","display_name":"Jump","level":2,"score":0.48040416836738586},{"id":"https://openalex.org/C2983132609","wikidata":"https://www.wikidata.org/wiki/Q66076","display_name":"Foreign exchange","level":2,"score":0.45135223865509033},{"id":"https://openalex.org/C536366893","wikidata":"https://www.wikidata.org/wiki/Q66076","display_name":"Foreign exchange market","level":3,"score":0.4506832957267761},{"id":"https://openalex.org/C181622380","wikidata":"https://www.wikidata.org/wiki/Q26911","display_name":"Profit (economics)","level":2,"score":0.4356757402420044},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.37070780992507935},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.20741859078407288},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.09962892532348633},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.08892801403999329},{"id":"https://openalex.org/C62520636","wikidata":"https://www.wikidata.org/wiki/Q944","display_name":"Quantum mechanics","level":1,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C136764020","wikidata":"https://www.wikidata.org/wiki/Q466","display_name":"World Wide Web","level":1,"score":0.0}],"mesh":[],"locations_count":5,"locations":[{"id":"doi:10.1016/j.intfin.2010.09.001","doi":"https://doi.org/10.1016/j.intfin.2010.09.001","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.intfin.2010.09.001","pdf_url":null,"source":{"id":"https://openalex.org/S82743730","display_name":"Journal of International Financial Markets Institutions and Money","issn_l":"1042-4431","issn":["1042-4431","1873-0612"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-3","jufo-2","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of International Financial Markets, Institutions and Money","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:wil:wileco:2007-02","doi":null,"is_oa":false,"landing_page_url":"https://web.williams.edu/Economics/wp/savaserMacronews.pdf","pdf_url":"https://web.williams.edu/Economics/wp/savaserMacronews.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"mag:1990505142","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2202942","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},{"id":"mag:3125782682","doi":null,"is_oa":false,"landing_page_url":"https://econpapers.repec.org/paper/wilwileco/2007-02.htm","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},{"id":"pmh:oai:RePEc:eee:intfin:v:21:y:2011:i:1:p:107-126","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S1042-4431(10)00052-1","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"mag:1990505142","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2202942","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/17","display_name":"Partnerships for the goals","score":0.4699999988079071}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":38,"referenced_works":["https://openalex.org/W69999855","https://openalex.org/W1485872351","https://openalex.org/W1561513404","https://openalex.org/W1601500677","https://openalex.org/W1607252224","https://openalex.org/W1968138761","https://openalex.org/W1970210843","https://openalex.org/W1986909779","https://openalex.org/W1987246815","https://openalex.org/W1992799117","https://openalex.org/W2001342573","https://openalex.org/W2011900829","https://openalex.org/W2023176773","https://openalex.org/W2029929857","https://openalex.org/W2050031929","https://openalex.org/W2056246162","https://openalex.org/W2060807822","https://openalex.org/W2063403177","https://openalex.org/W2065718124","https://openalex.org/W2080887613","https://openalex.org/W2103678510","https://openalex.org/W2115770250","https://openalex.org/W2116304852","https://openalex.org/W2116912141","https://openalex.org/W2157495061","https://openalex.org/W2161540272","https://openalex.org/W2170530643","https://openalex.org/W2570892994","https://openalex.org/W2898289834","https://openalex.org/W3023604586","https://openalex.org/W3096016272","https://openalex.org/W3121974897","https://openalex.org/W3122601085","https://openalex.org/W3123647737","https://openalex.org/W3124566143","https://openalex.org/W3148847962","https://openalex.org/W4239681865","https://openalex.org/W4245924134"],"related_works":["https://openalex.org/W7099244983","https://openalex.org/W7096556108","https://openalex.org/W2002115391","https://openalex.org/W2098758876","https://openalex.org/W2504839180","https://openalex.org/W6983509042","https://openalex.org/W3148847962","https://openalex.org/W7100460269","https://openalex.org/W1907419607","https://openalex.org/W7066412344"],"abstract_inverted_index":null,"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2021,"cited_by_count":3},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":1},{"year":2015,"cited_by_count":1},{"year":2013,"cited_by_count":4},{"year":2012,"cited_by_count":3}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}