THE ASSOCIATIONS BETWEEN STOCK RETURNS, INTEREST RATE AND EXCHANGE RATE OF DOLLAR: A STUDY ON TURKEY’S BIST Cover Image

HİSSE GETİRİSİ, FAİZ ORANI VE DOLAR KURU İLİŞKİSİ: BİST’TE BİR UYGULAMA
THE ASSOCIATIONS BETWEEN STOCK RETURNS, INTEREST RATE AND EXCHANGE RATE OF DOLLAR: A STUDY ON TURKEY’S BIST

Author(s): Melih Özçalık, Sevinç Güler
Subject(s): Supranational / Global Economy, Evaluation research, Financial Markets
Published by: Celal Bayar Üniversitesi Sosyal Bilimler Enstitüsü
Keywords: BIST 100 Index; Dollar Index; Granger Causality Analysis;

Summary/Abstract: In capital markets, actors make transactions by taking into account a plethora of different factors. While some of these variables are predictable and quantifiable, some of them might be completely behavioral. Dollar index is an index of various currencies that have closely affected the dollar in recent years, and this index affects the macroeconomic variables of many countries. Interest rate is yet another significiant indicator crucial for market makers and investors. Exchange rate is defined as the price of one country’s currency in relation to another, and it is one of the most important indicators affecting the international factor movements.

  • Issue Year: 16/2018
  • Issue No: 04
  • Page Range: 291-305
  • Page Count: 15
  • Language: Turkish