This paper aims to analyze the stochastic behavior of Turkey's real exchange rate for the period 1990-2006. For this purpose, the minimum LM unit root test with two structural breaks is applied to real exchange rate data, which consists of monthly series of CPI-based real exchange rate index....

Bu çalışmanın amacı reel döviz kurunun dış ticaret dengesine etkisini araştırarak, Türkiye için Marshall Lerner koşulunun geçerliliğini test etmektir. Bu amaçla eşbütünleşme testi için, son olarak geliştirilen ve otoregresif dağıtılmış gecikmeli (ARDL) modeline dayalı...

This paper aims to test the validity of the purchasing power parity hypothesis by analyzing the stochastic behavior of Turkey`s real exchange rate for the period 1990–2006. For this purpose, the minimum LM unit root test with two structural breaks is applied to real exchange rate data,...

This paper investigates whether the Istanbul Stock Exchange (ISE) prices can be characterized as a random walk or mean reversion process in a non-linear framework. We employ an unrestricted two-regime threshold autoregressive (TAR) model with an autoregressive unit root based on bootstrap...

This paper aims to analyze the stochastic behavior of Turkey's real exchange rate for the period 1990-2006. For this purpose, the minimum LM unit root test with two structural breaks is applied to real exchange rate data, which consists of monthly series of CPI-based real exchange rate index....