This paper examines the effects of scheduled Australian and US macroeconomic announcements on daily USD/AUD exchange rate changes. EGARCH(1,1) models are used to investigate news effects on the conditional mean and volatility of the changes over various time horizons encompassing the announcements. A higher than expected Australian current account deficit announcement depreciated the AUD while ...

In view of the traditional that stock liquidity reduces cash holding level listed companies by alleviating financing constraints and restraining agency costs, this paper starts from company's repurchase motivation finds high may strengthen thus promote company to improve its level. Based on empirical evidence Chinese A-share 2011 2021, it is shown can significantly increase holdings, through re...