Determinants of exchange rate volatility: empirical evidence for Turkey
نویسندگان
چکیده
منابع مشابه
The Determinants of Exchange Rate System: an Empirical Analysis
Since the breakdown of the Bretton Woods System, exchange arrangements of countries have become flexible. Several attempts have been made to determine whether the theories of optimum currency areas adequately explain the choice of an exchange rate system. In this paper, the optimum currency area is retested. Using cross-section data, a regression analysis of the choice of an exchange rate syste...
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Exchange rates differ considerably with respect to exchange rate volatility, while they are very similar with respect to the macroeconomic fundamentals — the well known exchange rate disconnect puzzle. The microeconomic structure of foreign exchange markets, especially the existence of noise traders, may be responsible for the excessive volatility in flexible exchange rate regimes. The entry of...
متن کاملthe determinants of exchange rate system: an empirical analysis
since the breakdown of the bretton woods system, exchange arrangements of countries have become flexible. several attempts have been made to determine whether the theories of optimum currency areas adequately explain the choice of an exchange rate system. in this paper, the optimum currency area is retested. using cross-section data, a regression analysis of the choice of an exchange rate syste...
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ژورنال
عنوان ژورنال: Pressacademia
سال: 2018
ISSN: 2146-7943
DOI: 10.17261/pressacademia.2018.825