How Do the Exchange Rates Affect the Sector Indices? A Dynamic Panel Data Analysis for Borsa Istanbul

This paper aims to investigate the impact of the exchange rate on stock market indices of four main sectors in Turkey. For this purpose, the paper uses monthly data spanning the period between 06/2008-11/2020 and employs the panel GMM estimation method. This method instrumentalizes the past observat...

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Bibliographic Details
Main Authors: Hande Aksöz Yılmaz, Fatih Güzel
Format: Article
Language:English
Published: Istanbul University Press 2021-12-01
Series:İstanbul İktisat Dergisi
Subjects:
Online Access:https://cdn.istanbul.edu.tr/file/JTA6CLJ8T5/DE11BFFD8BBA4CC3839A2EB5856D085C
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