Re-visiting exchange rate volatility – risk perception relation. New evidence from Fourier tests
It is essential to predict what the exchange rate will be in the future. There are several factors affecting value of national currency of an economy. One of them is risk perception and after the end of “Quantitative Easing” program by Federal Reserve, risk perception for emerging market economies h...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
General Association of Economists from Romania
2023-09-01
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| Series: | Theoretical and Applied Economics |
| Subjects: | |
| Online Access: |
http://store.ectap.ro/articole/1694.pdf
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| _version_ | 1797670929573085184 |
|---|---|
| author | Selim KAYHAN Tayfur BAYAT |
| author_facet | Selim KAYHAN Tayfur BAYAT |
| author_sort | Selim KAYHAN |
| collection | DOAJ |
| description | It is essential to predict what the exchange rate will be in the future. There are several
factors affecting value of national currency of an economy. One of them is risk perception and after
the end of “Quantitative Easing” program by Federal Reserve, risk perception for emerging market
economies has changed.
In this study, we aim to analyze interaction between credit default swap premium as a risk indicator
and exchange rate in the Turkish economy after the global finance crisis. Results imply that risk
perception has essential effects on the value of Turkish lira against U.S. dollar and to reduce
volatility in the value of Turkish lira, risk perception has to be decreased. |
| first_indexed | 2024-03-11T21:06:58Z |
| format | Article |
| id | doaj.art-81e053d4161e486e8330d312e23a7871 |
| institution | Directory Open Access Journal |
| issn | 1841-8678 1844-0029 |
| language | English |
| last_indexed | 2024-03-11T21:06:58Z |
| publishDate | 2023-09-01 |
| publisher | General Association of Economists from Romania |
| record_format | Article |
| series | Theoretical and Applied Economics |
| spelling | doaj.art-81e053d4161e486e8330d312e23a78712023-09-29T11:38:27ZengGeneral Association of Economists from RomaniaTheoretical and Applied Economics1841-86781844-00292023-09-01XXX332333218418678Re-visiting exchange rate volatility – risk perception relation. New evidence from Fourier testsSelim KAYHAN0Tayfur BAYAT1 Necmettin Erbakan University, Konya, Turkey İnonu University, Malatya, Turkey It is essential to predict what the exchange rate will be in the future. There are several factors affecting value of national currency of an economy. One of them is risk perception and after the end of “Quantitative Easing” program by Federal Reserve, risk perception for emerging market economies has changed. In this study, we aim to analyze interaction between credit default swap premium as a risk indicator and exchange rate in the Turkish economy after the global finance crisis. Results imply that risk perception has essential effects on the value of Turkish lira against U.S. dollar and to reduce volatility in the value of Turkish lira, risk perception has to be decreased. http://store.ectap.ro/articole/1694.pdf turkish lirafourier causalitycredit default swap premiumexchange rate volatilityrisk perception |
| spellingShingle | Selim KAYHAN Tayfur BAYAT Re-visiting exchange rate volatility – risk perception relation. New evidence from Fourier tests Theoretical and Applied Economics turkish lira fourier causality credit default swap premium exchange rate volatility risk perception |
| title | Re-visiting exchange rate volatility – risk perception relation. New evidence from Fourier tests |
| title_full | Re-visiting exchange rate volatility – risk perception relation. New evidence from Fourier tests |
| title_fullStr | Re-visiting exchange rate volatility – risk perception relation. New evidence from Fourier tests |
| title_full_unstemmed | Re-visiting exchange rate volatility – risk perception relation. New evidence from Fourier tests |
| title_short | Re-visiting exchange rate volatility – risk perception relation. New evidence from Fourier tests |
| title_sort | re visiting exchange rate volatility risk perception relation new evidence from fourier tests |
| topic | turkish lira fourier causality credit default swap premium exchange rate volatility risk perception |
| url |
http://store.ectap.ro/articole/1694.pdf
|
| work_keys_str_mv | AT selimkayhan revisitingexchangeratevolatilityriskperceptionrelationnewevidencefromfouriertests AT tayfurbayat revisitingexchangeratevolatilityriskperceptionrelationnewevidencefromfouriertests |