Open Access Open Access  Restricted Access Subscription Access
Cover Image

Dynamics of the exchange rate in Turkey

Rabia Najaf

Abstract


The prime aim of this study is to analysis the impact of macroeconomic variables on the volatility of exchange rate in Turkey. For this purpose, we have applied the Pearson’s correlation and taken the data from 1992 to 2011. Our results are showing that increase and decrease the macroeconomic variables have always impact on the exchange rate. An attempt has been done to review the association between Turkey exchange rate and macroeconomic variables. We have suggested that government should focus on the policies of monetary and fiscal policies for better performance.

References


Due, P., Sen, P., 2006. Capital flow volatility and exchange rates: The case of India. Central for Development Economics, Department of Economics, Delhi School of Economics, Working Paper No. 144.

Edwards, S., 2001. Exchange rate regimes, capital inflows and crisis prevention. NBER and University of California (Working Paper).

Harberger, A., 2004. Economic adjustment and the real exchange rate. In S. Edwards and L. Ahamed (eds.), Economic adjustment exchange rates in developing countries. University of Chicago Press, 10, 308-321.

Hoffman, M.E.S., 2005. The exchange rate and the trade deficit: What’s the relationship?

Husain, A.M., Mody, A., Rogoff, K.S., 2009. Exchange rate regime durability and performance in developing versus advanced economies. J. Monetary. Econ., 52(1), 35-64.

Meese, R., Rogoff, K., 2004. The out-of-sample failure of empirical exchange rate models: Sampling error or misspecification? National Bureau of Economic Research, Inc. 67-112.

Naeem, M., Abdul, R., 2002. Stock prices and exchange rates: Are they related? Evidence from South Asian countries. Department Economics & Finance, Institute of Business Administration, Karachi.

Rabia Najaf, Khakan Najaf, 2016. Dynamics of the exchange rate in Malaysia. Int. J. Acad. Res. Manag. Bus., 1(2), 104.

Simon, W.L.S., 2005. Is there life outside the ERM? An evaluation of the effects of sterling's devaluation on the UK economy. Int. J. Finance. Econ., 2, 199-216.

Taylor, L., 2001. Argentina: A poster child for failure of liberalised policies? Challenge/November-December. 44(6), 28-44.


Full Text: PDF

Refbacks

  • There are currently no refbacks.