Browsing by Subject "Money market."

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    Impact of exchange rate fluctuations and political risk on the risk premiums reflected in the cross-sections of individual eqity returns
    (1996) Yılmaz, Özer
    The impact of exchange rate fluctuations and political risk on the risk premiums of individual equity returns trading in Istanbul Stock Exchange will be analyzed empirically. Turkey as an emerging market faced considerable monetary and political turbulence in the past decade. Variables from the currency and sovereign debt markets will be the proxies for exchange rate risk and political risks, respectively. Evidence of the risk premiums as a result of the exposure to the equity markets show valuable inferences although statistically significant conclusions are not the majority. These results have many implications for the corporate and portfolio management. This study also provides tools and data that can be utilized by the emerging market researchers.
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    A time series analysis of the Japanese yen with monthly data
    (1996) Eltaş, Metin
    The purpose of this thesis is to obtain a function which will help in using the exchange rate between the Japanese Yen (Yen) and the United States Dollar (Dollar) as an investment alternative. A three-step method is followed throughout this study. Yen and the set of five countries' exchange and interest rates is searched at the first step. Mullticolinearity and nonstationarity problems are observed at this stage. At the second step the data set is converted into a stationary form by taking the first differences. Then regression is applied and no significant correlation is found. At the final step relation between Yen and three subgroups from the data set are examined and no significant relation is found again. This thesis concludes by explaining the outcomes of our analyses.