2006 Cilt 25 Sayı 1

Permanent URI for this collectionhttps://hdl.handle.net/11452/20148

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Browsing by Author "Öztürk, Feride"

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    The role of news approach in explaining exchange rate volatluty
    (Uludağ Üniversitesi, 2006) Öztürk, Feride
    Since the breakdown of the Bretton Woods system, existing structural models of exchange rate determination such as flexible-price monetary model, sticky-price monetary model, and portfolio balance model have been partly successful in explaining exchange rate volatility. Therefore, the focus of this line of study has shifted to capture the role of economic news on exchange rates. The purpose of this paper is to review the literature related to the role of news or unexpected events within the framework of the monetary approach to exchange rate determination and to indicate whether the news framework has been successful in explaining volatility in exchange rates.