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- Title
HİSSE SENEDİ VE DÖVİZ KURU İLİŞKİSİNİN YÖNÜ: TÜRKİYE ÜZERİNE BİR ARAŞTIRMA.
- Authors
UĞUR, Ahmet; BİNGÖL, Nergis
- Abstract
There are complex relationships between economic variables. These variables include exchange rates and stock prices. Understanding this complex relationship is of great importance by investors, policy makers and researchers. Because these variables have an important role in international financial markets, they are also important elements of economic development. But the current financial literature has not come to a clear conclusion about the exchange rate and stock price relationship. The relationship between variables is explained by two different approaches. These are the portfolio balance approach and the traditional approach. According to the traditional approach, the exchange rate is the determinant of stock prices. The portfolio balance approach states that the opposite relationship is valid, and the direction of the relationship between the variables is from stock prices to the exchange rate. In this study, the relationship between financial sector index, financial leasing and factoring index, insurance index, banking index, real estate investment trust index, holding and investment trust index and exchange basket consisting of Dollar- Euro is examined by frequency distribution causality test. For this tests 04.01.2000 and 25.08.2017 daily datas were used. In the end of the study between share indices and exchange basket relation from share indices to Exchange basket in Turkey economy were totalled. For this reason portfolio balance approach valid in Turkish economy.
- Publication
Omer Halisdemir Universitesi Iktisadi ve Idari Bilimler Fakültesi Dergisi, 2020, Vol 13, Issue 4, p624
- ISSN
2564-6931
- Publication type
Article
- DOI
10.25287/ohuiibf.605362