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Day of the week effect on foreign exchange market volatility: evidence from turkey (2006).
| Content Provider | CiteSeerX |
|---|---|
| Author | Hakan Berument, A. M. Nejat Coskun, B. Afsin Sahin, C. |
| Abstract | This paper assesses the day of the week effect of the daily depreciation of the Turkish lira (TL) against the US dollar (USD) and its volatility. The empirical evidence from Turkey presented here suggests that Thursdays are associated with higher and Mondays with lower depreciation rates compared to those of Wednesdays. Moreover, Mondays and Tuesdays are associated with higher volatility than Wednesdays. |
| File Format | |
| Publisher Date | 2006-01-01 |
| Access Restriction | Open |
| Subject Keyword | Week Effect Foreign Exchange Market Volatility Depreciation Rate Daily Depreciation Empirical Evidence Turkish Lira U Dollar |
| Content Type | Text |
| Resource Type | Article |