Importance of Language in Central Banks’ Management of Financial Markets: Creating Trends and New Vocabulary
Year: 2022
Type: conference-paper
Abstract: Language is often considered a living organism that changes with the times. It is a fact that the glossary of business English has grown in interesting ways in the age of day trading. The ever-growing importance of semantics in financial statements or, perhaps even more importantly, central bank statements seems to have coincided with the rise of the internet as the dominant way of information in the financial industry. Specially programmed algorithms scan Reddit boards in search of new trends, information is absorbed constantly, and trades are realized in seconds. In such an environment, officials’ statements have become more obtuse, the language more nuanced, and meanings blurred. The authors analyze the way central banks speak to the markets, how that impacts trends in the trading of financial securities, and provide an overview of some of the vocabulary impacted directly or indirectly by their actions that are now widely used by the financial media, institutions and day traders.
Authors: Borislav Marušić, Branimir Kurmaić
Language: English
Subfield: Language and Linguistics
Field: Arts and Humanities
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4384435544