According to work undertaken by Gaspar, Perez-Quiros & Sicilia (2001) who examine the behaviour of overnight interest rates, the markets do not appear to make systematic  2  BIS Review 55/2001  errors with respect to monetary policy announcements.
Data on tourism flows (international tourist arrivals by world region) are from the United Nations World Tourism Organization; those on internet and mobile phone users are from the International Telecommunication Union and the World Bank; and data on global remittances are from the World Bank.