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Day of the week effect on foreign exchange market volatility: Evidence from Turkey
| Content Provider | Semantic Scholar |
|---|---|
| Author | Berument, Hakan Coşkun, M. Nejat Sahin, Afsin |
| Copyright Year | 2007 |
| 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. |
| Starting Page | 87 |
| Ending Page | 97 |
| Page Count | 11 |
| File Format | PDF HTM / HTML |
| DOI | 10.1016/j.ribaf.2006.03.003 |
| Volume Number | 21 |
| Alternate Webpage(s) | http://repository.bilkent.edu.tr/bitstream/handle/11693/11608/10.1016-j.ribaf.2006.03.003.pdf;jsessionid=D48A91879125CD01B00AD371466E1952?sequence=1 |
| Alternate Webpage(s) | http://isiarticles.com/bundles/Article/pre/pdf/14938.pdf |
| Alternate Webpage(s) | https://doi.org/10.1016/j.ribaf.2006.03.003 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
