Tunay, K. Batu - In: Journal of BRSA Banking and Financial Markets 2 (2008) 2, pp. 77-112
This study aims to identify and analyze the effects of Turkish Central Bank's interventions over currency rate … properties, and increasing effects of Central Bank's interventions over currency volatility. According to model's findings …, currency shocks have no permanent characteristic and market dynamics will return stability back to markets; therefore, Central …