Volatility Modelling for Tourism Sector Stocks in Borsa Istanbul
This paper examines the volatility of the tourism sector in Borsa İstanbul in Turkey, paying special attention to the role of exchange rate exposure in the process. The GARCH, BJR (TARCH) and EGARCH models are employed to estimate the volatility in the stock returns of Turkish tourism firms using d...
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| Format: | Article |
| Language: | English |
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EconJournals
2020-05-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | http://mail.econjournals.com/index.php/ijefi/article/view/9811 |