The linguistic style of “Dólar Blue”: exploring the link between public discourse and the parallel exchange rate

Fil: Sundblad, Alfonso. Universidad de San Andrés. Departamento de Economía; Argentina.

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Autor principal: Sundblad, Alfonso
Otros Autores: Khalid, Osama
Formato: Tesis Tesis de grado updatedVersion
Lenguaje:Inglés
Publicado: Universidad de San Andrés. Departamento de Economía 2025
Acceso en línea:https://repositorio.udesa.edu.ar/handle/10908/25637
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spelling I37-R143-10908-256372025-09-05T03:00:10Z The linguistic style of “Dólar Blue”: exploring the link between public discourse and the parallel exchange rate Sundblad, Alfonso Khalid, Osama Fil: Sundblad, Alfonso. Universidad de San Andrés. Departamento de Economía; Argentina. This paper explores whether there is a relationship between linguistic patterns in public discourse and the volatility of the Dólar Blue exchange rate in Argentina, using the Spanish version of the Linguistic Inquiry and Word Count (LIWC). This tool provides a more detailed analysis than the current usual methodologies used by economists for these topics, such as sentiment analysis. We make use of stylometric features — such as function words, emotional tone, cognitive processes, and social references —to capture how economic fluctuations are reflected in both mainstream government and news media discourse style. Our dataset comprises over 400 million words from transcripts and titles of over 50 Argentine YouTube channels between January 1, 2018 and December 31, 2022. We find significant relations between linguistic features and movements in the Dólar Blue, which are not limited to positive and negative emotions, but more complex stylemetric characteristics such as emotional and cognitive dimensions. Our results show that using larger moving average windows yields more significant results overall, suggesting that linguistic adjustments to economic changes are gradual. However, news channels tend to react more and more quickly to exchange rate changes, while government discourse lags, adopting a more formal and conflict-driven tone over time. The present findings mark the first application of Spanish LIWC in economic research, demonstrating its potential as a powerful tool for analyzing the intersection of language and economic variables. Our approach encourages future research to apply LIWC in other contexts and studies, thus including it to economists toolkit. 2025-09-04T17:36:56Z 2025-09-04T17:36:56Z 2024-10 Tesis info:eu-repo/semantics/bachelorThesis info:ar-repo/semantics/tesis de grado info:eu-repo/semantics/updatedVersion https://repositorio.udesa.edu.ar/handle/10908/25637 eng info:eu-repo/semantics/openAccess https://creativecommons.org/licenses/by-nc-nd/4.0/ application/pdf application/pdf Universidad de San Andrés. Departamento de Economía
institution Universidad de San Andrés
institution_str I-37
repository_str R-143
collection Repositorio Digital - Universidad de San Andrés (UdeSa)
language Inglés
description Fil: Sundblad, Alfonso. Universidad de San Andrés. Departamento de Economía; Argentina.
author2 Khalid, Osama
author_facet Khalid, Osama
Sundblad, Alfonso
format Tesis
Tesis de grado
Tesis de grado
updatedVersion
author Sundblad, Alfonso
spellingShingle Sundblad, Alfonso
The linguistic style of “Dólar Blue”: exploring the link between public discourse and the parallel exchange rate
author_sort Sundblad, Alfonso
title The linguistic style of “Dólar Blue”: exploring the link between public discourse and the parallel exchange rate
title_short The linguistic style of “Dólar Blue”: exploring the link between public discourse and the parallel exchange rate
title_full The linguistic style of “Dólar Blue”: exploring the link between public discourse and the parallel exchange rate
title_fullStr The linguistic style of “Dólar Blue”: exploring the link between public discourse and the parallel exchange rate
title_full_unstemmed The linguistic style of “Dólar Blue”: exploring the link between public discourse and the parallel exchange rate
title_sort linguistic style of “dólar blue”: exploring the link between public discourse and the parallel exchange rate
publisher Universidad de San Andrés. Departamento de Economía
publishDate 2025
url https://repositorio.udesa.edu.ar/handle/10908/25637
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