To leverage Africa's growth trajectory the continent's large infrastructure deficit needs to be addressed, which is likely to be funded through raising debt. Sub-Saharan African sovereigns have often looked to international markets to raise debt which exposes them to exchange ra…
Özellikle 20. yüzyıldan itibaren ortaya çıkmaya başlayan sosyal, ekonomik ve teknolojik değişimler zamanla bütün ekonomik birimleri etkileyerek ülkeleri birbirine daha fazla yakınlaştırmış ve sınırları ortadan kaldırarak tek bir küresel piyasanın ortaya çıkmasını sağlamıştır. Dü…
Döviz kuru oynaklığının uluslararası ticaretle olan ilişkisi 1973 yılında Bretton Woods Sisteminin çökmesinden beri ekonomistler için önemli bir soru olmuştur. Bu konuda yapılmış olan birçok çalışma olmasına rağmen, döviz kuru oynaklığının ihracat veya ithalata olan etkisi üzeri…
Many recent analyses of exchange rate regimes are based on the concept of how much exchange market pressure is taken on the exchange rate versus changes in reserves as a proxy for official intervention. However, the popular method of taking ratios of variations of exchange rate …
The first chapter of this thesis provides empirical evidence on the role of fundamentalists and technicians in determining the movement of the exchange rate for a currency which is pegged to a basket of currencies. This paper uses a new data set and a new fundamental variable. T…
This dissertation consists of introductory chapter and an additional three papers. There are three common aspects in these three papers. First, the main topic of each paper is the nominal exchange rate regime. Second, the entire three papers use a Markov Switching Regime model a…
This dissertation investigates the effects of exchange rate uncertainty on Turkish trade flows by using both discrete and continuous variables. It is articulated in three chapters. Chapter one surveys the literature on the impact of exchange rate volatility on trade flows. The t…