Aslan, Alper; Kula, Ferit - In: International Journal of Economic Policy in Emerging … 3 (2010) 2, pp. 183-193
In this paper, we examine the issue of volatility for both official and black market exchange rates of the Turkish lira using the monthly exchange rate against the US dollar for the period 1969-1998. The main findings are: 1) conditional shocks have a positive effect on exchange rate volatility;...
