Browsing by Keywords "Exchange rate"
Now showing items 1-20 of 26
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Asymmetric effects of monetary policy shocks on economic performance: empirical evidence from Turkey
(Routledge, 2016)This study investigates the asymmetric effects of monetary policy shocks on the macroeconomic variables of exchange rate, output and inflation for an emerging economy ‒ Turkey ‒ by using monthly data between 1990 and 2014. ... -
Calendar anomalies in the Turkish foreign exchange markets
(Routledge, 2003)This paper investigates calendar anomalies in the Turkish foreign exchange markets during 1986-1994 period. Changes in the free market and official daily exchange rates between the Turkish lira (TL) and US dollar (USD) and ... -
Currency forecasting: an investigation of extrapolative judgement
(Elsevier, 1997)This paper aims to explore the potential effects of trend type, noise and forecast horizon on experts' and novices' probabilistic forecasts. The subjects made forecasts over six time horizons from simulated monthly currency ... -
Day of the week effect on foreign exchange market volatility: evidence from Turkey
(Elsevier Inc., 2007)This paper assesses the day of the week effect of the daily depreciation of the Turkish lira (TL) against the US dollar (USD) and its volatility. The empirical evidence from Turkey presented here suggests that Thursdays ... -
Determinants of workers' remittances: Turkish evidence from high-frequency data
(Routledge, 2006)The potential importance of workers remittances (WR) as a relatively stable source of foreign exchange has been growing across the world. We present time-series evidence on the determinants of WR in a large developing ... -
The dynamics of a newly floating exchange rate: the Turkish case
(Routledge, 2006)In recent years, many emerging market economies have switched or are in the process of switching to a floating exchange rate regime. Most of these economies have a history of high inflation and a high level of foreign ... -
The effectiveness of foreign exchange interventions under a floating exchange rate regime for the Turkish economy: a post-crisis period analysis
(Routledge, 2006)The reported study has two purposes: first, it attempts to improve the literature on foreign exchange interventions of the central banks for the emerging market economies, an area not previously studied in detail. The ... -
Effectiveness of the reserve option mechanism as a macroeconomic prudential tool: evidence from Turkey
(Routledge, 2015)This article assesses the effectiveness of a novel macroprudential tool – the reserve option mechanism (ROM) – which Turkey’s central bank developed during the post-2008 period and has employed to control the risk associated ... -
The effects of exchange rate risk on economic performance: the Turkish experience
(Routledge, 2004)This study examines the effects of real exchange rate risk on the economic performance for an emerging, small open economy: Turkey. When the ratios of the total foreign exchange liabilities of the Central Bank of the ... -
Effects of trend strength and direction on performance and consistency in judgmental exchange rate forecasting
(Elsevier, 2013)Using real financial data, this study examines the influence of trend direction and strength on judgmental exchange rate forecasting performance and consistency. Participants generated forecasts for each of 20 series. Half ... -
Effects of USD-Euro parity on a small open economy: evidence from Turkey
(Routledge, 2008)This study assesses the effect of USD-Euro parity on a small open economy where exports are predominantly denominated in Euros and imports are denominated in USD. Empirical evidence from Turkey suggests that a positive ... -
Evaluating predictive performance of judgemental extrapolations from simulated currency series
(Elsevier, 1999)Judgemental forecasting of exchange rates is critical for financial decision-making. Detailed investigations of the potential effects of time-series characteristics on judgemental currency forecasts demand the use of ... -
Evaluating probabilistic forecasting accuracy of exchange rates
(Bilkent University, 1996)This study aims to explore various dimensions of probabilistic forecasting accuracy. In particular, the effects of using dichotomous format on the performance of semi-experts’ and novices’ probabilistic forecasts of ... -
Evaluating strategic directional probability predictions of exchange rates
(2010)The current paper aims to examine strategic predictions (with forecast horizons greater than six months) via the empirical probability (EP) technique. This technique was proposed initially to examine short-term tactical ... -
Exchange rate exposure and real exports
(Routledge, 2010)This study investigates the relationship between real exports and exchange rate risk for Turkish firms between 2001 and 2003. Different from earlier studies, the analysis is conducted at the firm level with an exchange ... -
Exchange rate risk and interest rate: a case study for Turkey
(Springer New York LLC, 2003)This paper examines the effect of exchange rate risk on interest rates within the uncovered interest rate parity condition for Turkey. When the interest rate is measured with the Treasury auction interest rate and the ... -
Exchange rate volatility and exports: a firm-level analysis
(Routledge, 2008)The relationship between real exports and exchange rate volatility is investigated using panel data analysis at the firm level. Results indicate that there is no negative or positive relationship between volatility and ... -
Impact of macroeconomic indicators on short selling: evidence from the Tokyo stock exchange
(Elsevier Inc., 2012)This chapter examines the existence of cointegration between short selling volume and the Nikkei 225 Index to investigate the permanent relation between the two. For this purpose, the Japanese financial markets with monthly ... -
The influence of trend strength on directional probabilistic currency predictions
(Elsevier, 2003)An experiment is reported which compares the judgmental forecasting performance of experts and novices using simulated currency series with differing trend strengths. Analyses of directional probability forecasts reveal: ... -
Measuring exchange rate misalignment in Turkey
(Routledge, 2004)Turkey has embarked an extensive dis-inflation and stabilization program in December 1999. The programme exclusively relied on a nominally pegged (anchored) exchange rate system for dis-inflation and on fiscal austerity. ...
