Effects of FX on ETF Prices: Evidence from BIST
Küçük Resim Yok
Tarih
2024
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Sosyoekonomi Soc
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
This study better investigates the possible relationship between exchange rates and ETF prices in the BIST to understand ETF investors' behaviour in the Turkish economy. Conventional and Fourier-based co-integration and causality analysis methods were employed to test models. According to findings, although the exchange rate has no direct effect on ETF prices in Turkiye, it is effective on ETF prices indirectly via the risk and share of foreign investors. The originality of the study lies in models built with additional control variables. In doing so, we measure the direct and indirect effects of the exchange rate on the Turkish economy.
Açıklama
Anahtar Kelimeler
ETF, MSCI Turkiye, Fourier Toda-Yamamoto Causality Test
Kaynak
Sosyoekonomi
WoS Q Değeri
N/A
Scopus Q Değeri
N/A
Cilt
32
Sayı
59
