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Title: Does It Matter Where You Search? Twitter versus Traditional News Media
Authors: Milas, Costas
Panagiotidis, Theodore
Dergiades, Theologos
Type: Article
Subjects: FRASCATI::Social sciences::Economics and Business::Economics
FRASCATI::Social sciences::Economics and Business::Econometrics
Keywords: Grexit
Traditional news outlets
Sovereign spreads
Issue Date: 2021
Source: Journal of Money, Credit and Banking
Volume: 53
Issue: 7
First Page: 1757
Last Page: 1795
Abstract: We compare news in Twitter with traditional news outlets and emphasize their differential impact on Eurozone’s sovereign bond market. We reveal a two-way information flow between Twitter’s “Grexit” tweets and “Grexit” mentions in traditional news which suggests not only that both types of news serve as important empirical predictors for the sovereign bond market but also that the ‘old’ (traditional news) and the ‘new’ (Twitter) media are connected; however, the influence of Twitter on traditional news is stronger. Grexit tweets raise the Greek spread more than Grexit mentions in traditional news. Weak contagion effects are recorded for Portugal and Ireland.
ISSN: 0022-2879
Other Identifiers: 10.1111/jmcb.12805
Appears in Collections:Department of International and European Studies

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