Bloomberg Markets: News Can Have Delayed Market Response

Bloomberg Markets with Carol Massar and Cory Johnson. GUEST: Charles Calomiris Professor of Financial Institutions Columbia Business School Discussing Columbia study "How News and Its Context Drive Risk and Returns Around the World." The research found that influence on the financial markets was evident from one month to twelve months out from the original news report, with certain phrases and individual words causing higher returns and reduced price swings in developed and emerging markets.

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