The Impact of USD-TRY Forex Rate Volatility on Imports to Turkey from Central Asia

The Impact of USD-TRY Forex Rate Volatility on Imports to Turkey from Central Asia

Yakup Ari
Copyright: © 2020 |Pages: 20
ISBN13: 9781799822394|ISBN10: 1799822397|EISBN13: 9781799822400
DOI: 10.4018/978-1-7998-2239-4.ch004
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MLA

Ari, Yakup. "The Impact of USD-TRY Forex Rate Volatility on Imports to Turkey from Central Asia." Economic, Educational, and Touristic Development in Asia, edited by Bryan Christiansen and Hakan Sezerel, IGI Global, 2020, pp. 70-89. https://doi.org/10.4018/978-1-7998-2239-4.ch004

APA

Ari, Y. (2020). The Impact of USD-TRY Forex Rate Volatility on Imports to Turkey from Central Asia. In B. Christiansen & H. Sezerel (Eds.), Economic, Educational, and Touristic Development in Asia (pp. 70-89). IGI Global. https://doi.org/10.4018/978-1-7998-2239-4.ch004

Chicago

Ari, Yakup. "The Impact of USD-TRY Forex Rate Volatility on Imports to Turkey from Central Asia." In Economic, Educational, and Touristic Development in Asia, edited by Bryan Christiansen and Hakan Sezerel, 70-89. Hershey, PA: IGI Global, 2020. https://doi.org/10.4018/978-1-7998-2239-4.ch004

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Abstract

The purpose of this study is to put out the impact of volatility of the USD-TRY forex rate on imports to Turkey from Central Asia. The volatility of the USD/TRY exchange rate is analysed with a conditional variance model which is Generalised Autoregressive Conditional Heteroscedastic (GARCH) model and its extensions. The other section of the methodology is an application of Autoregressive Distributed Lag (ARDL) bounds test which is an efficient approach to determine the cointegration, long-term and short-term relations between macroeconomic variables. The exponential GARCH volatility of the exchange rate and the monthly trade data between the years 2005 and 2018 are used in the ARDL bounds test.

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