Aydın, Halil İbrahim; Değerli, Ahmet; Özlü, Pınar
(İnönü Üniversitesi İktisadi ve İdari Bilimler Fakültesi, 2009)
This paper uses over-the-counter currency options data to investigate market expectations on Turkish Lira-U.S. Dollar exchange rate. We extract option implied density functions to examine the evolution of market sentiment ...